The following balance sheet was prepared for ABC Partnership, whose partner's share netincome and losses in the ratio of 1:1:2 respectively:Cash $40,000 Liabilities $70,000 Other assets 140,000 Abe, Capital 50,000Ben, Capital 50,000Cher, Capital 10,000Totals $180,000$180,000 The partners liquidate the partnership. Other assets are realized for $90,000 :Prepare a working paper to compute the amount of cash that may be paid to creditors and topartners at this time assuming that all partners are solvent