The Drysdale, Koufax, and Marichal partnership has the following balance sheet immediately prior to liquidation: Cash Noncash assets $ 59,000 319,000 Liabilities Drysdale, loan Drysdale, capital (50%) Koufax, capital (30%) Marichal, capital (20%) $ 54,500 40,000 104,500 94,500 84,500 a. Liquidation expenses are estimated to be $19,000. Prepare a predistribution schedule to guide the distribution of cash. b. Assume that assets costing $97,000 are sold for $71,500. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg B Assume that assets costing $97,000 are sold for $71,500. Prepare loss allocation table. Partner Capital Balance Loss Allocation Maximum Loss That Can Be Absorbed Schedule 1 Drysdale Koufax Marichal Schedule 2 Koufax Marichal % % % % % Liquidation expenses are estimated to be $19,000. Prepare a predistribution schedule to guide the distribution of cash. DRYSLADE, KOUFAX, AND MARICHAL Distribution of Available Cash Liabilities Liquidation expenses First Next % % Next All remaining cash % Assume that assets costing $97,000 are sold for $71,500. How is the available cash to be divided? Drysdale Koufax Marichal Reported balances Assumed loss Schedule 1 Adjusted balances Assumed loss Schedule 2 Adjusted balances