Partnership Liquidation$-$Safe Payments

Several years ago, Ann Dennis, Jill Edwards, Lee Lacy, and Sarah Ingram formed a partnership to operate the Deli Sisters Cafe. Rerouting of bus lines caused declines in patronage to the extent that the partners

have agreed to dissolve the partnership and liquidate the assets. The November $2,2014,$ balance sheet of the Deli Sisters Cafe and other data appear below. The partnership agreement did not specify how

profits and losses were to be shared.

Additional information:

During November, sold half of the fixtures for $$15,000.$ Sold equipment with a book value of $$90,000$ for $$66,000.$

During December, paid all outside creditors. A neighboring restaurant bought Deli Sisters Cafe's supplies at $80$ percent of cost$.$ Sold the remaining fixtures for $$24,000.$

During January, sold equipment with a book value of $$120,000$ for $$84,000.$

Following the safe payment approach, specify how cash is to be distributed at the end of November, December, and January.