Required: Prpuie safe payments to partners. The partnership of PP. EE, and IT has asked you to assist in winding up its business. You the following information. IlI- Cash Distribution or Payment Priority Program The trial balance of the partnership on June 30, 20x4. is: Accounts I. Debit Credit 1 P 6,000 Cash Accounts Receivable (net) Inventory 22.000 14,000 99,000 P 17.000 55,000 45,000 Accounts Payable TotalP141.000P141.00 2. The partners share profits and losses as follows: PP, 50 percent: EE. 30 percent: and TT. 20 3, Phe partners are considering an offer of P100.000 for the accounts receivable. inventory, and plant and equipment as of June 30. The P100,000 will be paid to creditors and the partners in installments, the number and amounts of which are to be percent. negotiated Required: Prepare a cash distribution or cash payment priority program plan as of June 30, 20x4 showing how much cash each partner will eceive it the offer to sell the assets is accepted. -Statement of Liquidatic1-Instalment t