The ABC Partnership decided to terminate its affairs as of December 31, 2018. The following information is taken from the balance sheet that was prepared as of the date of termination: Cash $ 100,000 Liabilities $ 80,000 580,000 240,000 180,000 360,000 580,000 80,000 Receivables (net) Inventories Fixed Assets (net) A, Capital (30%) B, Capital (20%) C, Capital (50%) Total Liabilities Total Assets $1.100.000 Capital $1.100.000 Assume that 60% of the noncash assets were sold for $450,000 and that 40% of the liabilities were paid at the first stage of liquidation. All other assets and liabilities were settled at the second stage. Prepare a safe payment schedule assuming that all partners are insolvent. Show all computations. (Do the 1st stage of liquidation only). Hint: In the safe payment schedule, allocate any partner's deficit to the other partner(s) capital.