The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation:

Cash	$	40,000	Liabilities	$	47,500
Noncash assets		224,000	Drysdale, loan		18,500
			Drysdale, capital (50%)		76,000
			Koufax, capital (30%)		66,000
			Marichal, capital (20%)		56,000

1. a-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2.
2. a-2. Liquidation expenses are estimated to be $19,000. Prepare a predistribution schedule to guide the distribution of cash. Further, modify the tags in explanation as well.
3. b. Assume that assets costing $78,000 are sold for $62,000. How is the available cash to be divided?

i whant to know my mistake in A2

Req A1 Req A2 ReqB Liquidation expenses are estimated to be $19,000. Prepare a predistribution schedule to guide the distribu Further, modify the tags in explanation as well. First DRYSDALE, KOUFAX, AND MARICHAL Distribution of Available Cash $ 66,500 Liabilities $ 47,500 Liquidation expenses 19,000 12,000 Marichal 12,000 X % 15,500 Koufax 9,300 X % Marichal 6,200 X % Next Next All remaining cash Drysdale % Koufax % Marichal % Reg A1 Req B >