QUESTION 4 The partners of William, Noah & Annick LLP decided to liquidate on August 1, 2020. The partners share profit and losses using ratios of 25%, 45%, and 30%, respectively. The balance sheet of the partnership is as follows: William, Noah & Annick LLP Balance Sheet August 1, 2018 $ 130,000 60,000 140,000 160,000 110,000 $600,000 Accounts payable 40,000 Loan payable to Noah William, capital $200,000 Noah, capital Annick, capital Total liabilities & capital S 60,000 Cash Loan receivable from William 500,000 Other assets Total assets Total assets $600,000 The disposal of Other Assets with a carrying amount of $300,000 realized $250.000. Liquidation expenses are expected to total $40,000, Assume that any partner with a negative capital balance is insolvent. A. 30%. Prepare a schedule computing the safe cash payments that can be made to each of the partners and in total (i.e., include a total column in your schedule)