Question 4 Following is the balance sheet of the BDO Partnership: Cash Accounts Receivable Inventory Equipment $12,000 44,000 32,000 59,000 $147,000 Liabilities Brink, Capital Davis, Capital Olsen, Capital $20,000 47,000 28,000 52,000 $147,000 The partners share income 40:40:20, respectively. Assume that 70% of the receivables are collected and that inventory with a book value of $16,000 is sold for $10,000. All cash available at this time is to be distributed. Determine the proper distribution of cash, using the safe payment approach. (Round answers to o decimal places, e.g. 5,125. Enter credit balance of an account and credit posting to an account with negative sign preceding the number, Noncash Assets Brink 40% Capital Balances Davis 40% Olsen 20% Cash Liabilities Account Balances 12000 135000 20000 47000 28000 52000 $ Sale of Inventory, Collect Accounts Receivable Payment to Creditors Payment to Partners $ $