Please make sure all answers are correct & show answers as shown in picture. Thank you :)

Ex.)

First: ## Liaibliites: ##.

Liquidation expenses: ##

Next: ## Marichal: ##

Next: ## Marichal: ##

.....etc.

7 The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: Cash Noncash assets $ 53,000 289,000 ints Liabilities Drysdale, loan Drysdale, capital (50%) Koufax, capital (30%) Marichal, capital (20%) $ 58,080 27,500 95,500 85,500 75,500 eBook Print 2-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2 a-2. Liquidation expenses are estimated to be $13.000. Prepare a predistribution schedule to guide the distribution of cash. Further. modify the tags in explanation as well. b. Assume that assets costing $91,000 are sold for $68,500. How is the available cash to be divided? References Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 ReqB First Liquidation expenses are estimated to be $13,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well. DRYSDALE, KOUFAX, AND MARICHAL Distribution of Available Cash Liabilities Liquidation expenses Marichal Next Marichal Koufax All remaining cash Drysdale Marichal Next 96 96 96 96 96 Koufax 96