Required information

$[The$ following information applies $to$ the questions displayed below.$]$

The partnership $of$ Garcia, Iglesias, and Kassabian was formed several years ago $as$ a local tax preparation firm. Two

partners have reached retirement age, and the partners have decided $to$ terminate operations and liquidate the business.

Liquidation expenses $of$ $$52,000$ are expected. The partnership balance sheet $at$ the start $of$ liquidation $isas$ follows:

equired:

repare a predistribution plan for this partnership.