Partners A, B. C and D share profits in the ratio of 3:3:1:1, respectively. The following balances are obtained just before partnership liquidation: A B C D Capital balances P 70,000 P 70,000 P 30,000 P 20,000 Loan balances 20,000 5,000 25,000 15,000 Proceeds from the sale of partnership assets during March and April by the one in charge of liquidation and distribution of cash to partners at the end of each month are as follows: Cash Realized Cash Distributed Cash Withheld March P 40,000 P 25,000 P 15,000 April 35,000 40,000 10,000 Requirements: 1. Prepare a program to show how cash should be distributed during the entire course of liquidation. 2. Using the program above, prepare schedules summarizing the payments to be made to partners at the end of March and April. Indicate what part of the payments is to be applied against loan balances and against capital balances