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Plan of Cash Distribution to Partners (Cash Priority Program) Cash priority program A cash distribution plan for the Folger, Glover, and Hale partnership was as

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Plan of Cash Distribution to Partners (Cash Priority Program)" Cash priority program A cash distribution plan for the Folger, Glover, and Hale partnership was as follows: Priority Creditors Folger Glover Hale First $250,000 100% Next $100,000 70% 30% Next $150,000 11/15 4/15 Remainder 20% 35% 45 Required: If $850,000 of cash was distributed by the partnership, how much received respectively by the priority creditors, Folger, Glover, and Hale? was

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