The Nice, Rice, and Dice Partnership has not been successful. The partners have determined they must liquidate their partnership. The partners have agreed to liquidate the partnership and anticipate that liquidation expenses will total $1,000. Prior to the liquidation, the partnership balance sheet reflects the following book values:

Cash	$18,000
Noncash assets	51,000
Note receivable-Nice	3,000
Other liabilities	20,000
Capital, Nice	6,000
Capital, Rice	30,000
Capital, Dice	16,000

Profits and losses are shared 45% to Nice, 35% to Rice, and 20% to Dice. A review of the individual partner's personal net worth reveals the following:

	Assets	Liabilities
Nice	165,000	162,000
Rice	200,000	110,000
Dice	185,000	90,000

The following transactions occur:

a.	Assets having a book value of $40,000 are sold for $22,000 cash
b.	Liabilities are paid, where possible
c.	Partners contribute from their personal net worth, according to RUPA requirements

Required:

Prepare liquidation schedule and determine how the available assets will be distributed using a schedule of safe payments.