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Stewardship Enterprises, a partnership, is about to begin liquidation. The process for selling the company's assets will occur over time, but the partners would like

Stewardship Enterprises, a partnership, is about to begin liquidation. The process for selling the company's assets will occur over time, but the partners would like to receive cash distributions as asset sales occur. The company's books show total assets of $1 million, which includes a Note Receivable of $32,000 from partner Jones. Income allocations are 4:1:5 and existing partnership capital balances are: Jones $200,000; Smith $100,000; and Holt $90,000.
Required:
Prepare a cash distribution plan.
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