Problem 15-23 (LO 15-5) The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: Cash $ 36,000 Liabilities $ 50,000 Noncash assets 204,000 Drysdale, loan 10,000 Drysdale, capital (50%) 70,000 Koufax, capital (30%) 60.000 Marichal, capital (20%) 50,000 a. Liquidation expenses are estimated to be $15,000. Prepare a predistribution schedule to guide the distribution of cash. b. Assume that assets costing $74,000 are sold for $60,000. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Req Al Req A2 Req B 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. Maximum Partner Capital Loss Loss That Balance Allocation Can Be Absorbed Step 1 Drysdale 80,000 50 160,000 Koufax 60,000 30 % 200,000 Marichal 50,000 20 S 250,000 Step 2 Koufax 12,000 60 S 20,000 Marichal $ 18,000 40 S 45,000