Please show all work and calculations.

Q2. Merz, Dechter, and Flowers are partners in a partnership and share profits and losses 40%, 40%, and 20%, respectively. The partners have agreed to liquidate the partnership and anticipate that liquidation expenses will total S14,000. Prior to the liquidation, the partnership balance sheet reflects the following book values: S 25,000 200,000 Cash Noncash assets Note payable to Dechter 12,000 Other liabilities Capital, Merz Capital Dechter Capital deficit, Flowers 10,000) 165,000 40,000 18,000 Required: Assuming that the actual liquidation expenses are $20,000 and that noncash assets are sold for $160,000, determine how the assets will be distributed. Flowers has net personal assets of $10,000