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:

Partners A, B, and C share profits and losses 30:20:50, respectively.

Assume that half the noncash assets were sold for $450,000 and that half the liabilities were paid at the first stage of liquidation. All other assets and liabilities were settled at the second stage. (Hint: Combine receivables, inventories and fixed assets as Other Assets $1,000,000).

Prepare safe payment schedule assuming that all partners are insolvent. Show all computations.