The ABC Partnership decided to terminate its affairs as of December 312018. The following information is taken from the balance sheet that was prepared as of the date of termination.

Cash- 100,000 Liabilities 80,000

Receivables- 240,000 A capital (30%)- 580,000

Inventorie- 180,000 B Capital (20%)- 360,000

Fixed Assets- 580,000 C Capital (50%) - 80,000

Total Assets- 1,100,000 Total Liabilities and capital- 1,100,000

Assume that half the non cash assets were sold for 400,000and that half the Liabilities were paid at the first stage of liquidation.

Prepare a safe payment schedule showing cash distribution at this point