Problem 2 Hoffman $90,000 and Mena $40,000. The firm is , respecvetreceived for the noncash assets. Hoffman and Mena income Appalachian Company at Decembo balances: $110,000, a liquidated, and $220,000 in c ratios are 60% and 40%respectively nd the following c noncash atlos are eong $2ngr 31 has cash $40.000, noncash assets $200,000 labilities Instructions Prepare a cash distribution schedule APPALACHIAN COMPANY Mena Schedule of Cash Payments Hoffman Noncash Assets-Liabilities+ Capital+ Capital Cash +