The partners of Dunn, Carson & Devlin LLP shared net income and losses in a 3:2:1 ratio, respectively. They decided to appoint a liquidator to liquidate the partnership. On May 31, 2013, the partnership's accounting records included cash, $42,500; other assets, $129,500; liabilities, $20,000; Dunn, capital, $75,000; Carson, capital, $55,000; and Devlin, capital, $22,000. The liquidator estimated that three months would be required to realize the other assets and that liquidation costs would amount to $4,500.

a.Prepare a cash distribution program showing how available cash should be paid to creditors and partners in the course of liquidation. A working paper is not required.

b.Prepare a journal entry to record cash payments to creditors and to partners on May 31, 2013, totaling $38,000.