The following is the Partnership balance sheet of What, Where, Who, and How for the year ended December 31, 2016. The partners intend to cease operation at this date. The following is the balance sheet of the four partners Required (A) Prepare a pre-distribution plan (B) Using the information Below prepare the statement of liquidation for the partnership using the pre-determined plan to determine the cash payment to partners based on their safe capital balances 1. Distributed cash based on safe capital balances immediately to the partners. Liquidation expenses of $22, 000 are estimated as a basis for this computation. 2. Sold noncash assets with a book value of $200, 000 for $170, 000. 3. Paid all liabilities. 4. Distributed cash based on safe capital balances again. 5. Sold remaining noncash assets for $180, 000. 6. Paid actual liquidation expenses of $15, 000 only. 7. Distributed remaining cash to the partners and closed the financial records of the business permanently