1. Ruff, Tuff, and Duff are partners sharing profits and losses 30/30/40. They have the following balance sheet:

Cash $200,000 Payables to Creditors $250,000 Receivable from Ruff 50,000 Payable to Tuff 70,000 Property & Equipment 500,000 Ruff, Capital 180,000 Tuff, Capital 100,000 _______ Duff, Capital 150,000 $750,000 $750,000

Prepare a Pre-Distribution of Cash Schedule assuming they must hold back $25,000 for liquidation expenses.