The balance sheet of the Ama, Bade, and Calli partnership on May 1, 2014 (before commencement of partnership liquidation) was as follows:

Cash $ 108,000                      Accounts payable $ 56,000

Inventory 120,000                  Notes payable 120,000

Loan to Ama 20,000               Ama, capital (30%) 64,000

Loan to Calli 32,000               Bade, capital (50%) 180,000

Plant assets-net 220,000       Calli, capital (20%) 80,000

Total assets $ 500,000          Total liab./equity $ 500,000

Liquidation events in May were as follows:

- The inventory was sold for $12,000 below book value;

- Plant assets with a book value of $100,000 were sold for $120,000.

Required:

Determine how the available cash on May 31, 2014 should be distributed.