P 17-3 [Cash distribution plan] Rama, Chakra, and Songkhla announced the liquidation of their partnership and they distribute all cash immediately using a cash distribution plan beginning on January 1, 2017. The partnership's financial position and profit sharing on December 31, 2016, is as follows: Cash Accounts receivable-net Inventories $25,000 Accounts payable $10,000 15,000 Rama capital (24%) 45,000 40,000 Chakra capital (32%) 55,000 60,000 Songkhla capital (44%) 65,000 25,000 Loan to Chakra 10,000 $175,000 $175,000 Plant assets-net Other assets 588 CHAPTER 17 REQUIRED: Prepare a cash distribution plan as of January 1, 2017, for the Rama, Chakra, and Songkhla partnership.