Q2. Partnership liquidation Safe payments Several years ago, Ann Dennis, Jill Edwards, Lee Lacy, and Sarah Ingram formed a partnership to operate the Deli Sisters Cafe. Rerouting of bus lines caused declines in patronage to the extent that the partners have agreed to dissolve the partnership and liquidate the assets. The November 2, 2020 balance sheet of the Deli Sisters Cafe and other data appear below. Partnership income and losses are shared in a 2:3:1:4 ratio. Deli Sisters Cafe Balance Sheet, November 2, 2020 Cash $ 25,000 Liabilities Supplies 20,000 Loan - Ingram Equipment 175,000 Capital - Dennis Fixtures 50,000 Capital - Edwards Capital - Lacy Capital - Ingram Total assets $270,000 Total liabilities and capital $ 60,700 15,000 62,000 54,000 22,000 56,300 $270,000 Additional information: 1. During November, sold half of the fixtures for $18,000. Sold equipment with a book value of $30,000 for $21,000. 2. During December, a neighboring restaurant bought Deli Sisters Cafe's supplies at 80 percent of cost. Sold the remaining fixtures for $8.000. 3. During January, sold equipment with a book value of $40,000 for $25,000. REQUIRED: Following the safe payment approach, specify how cash is to be distributed at the end of November, December, and January. [Reminder: Liabilities to outside creditors should be paid before partners receive cash distributions.]