The partners of Felch, Louise, & Jones LLP decided to liquidate on August $1,2013.$ The partnership agreement stated the profit and loss ratio was $25\%,45\%,$ and $30\%,$ respectively. The balance sheet, of the partnership, is as follows:

Felch, Louise, & Jones LLP

Balance Sheet

August $1,2013$

Assets

Cash $$60,000$

Loan receivable from Felch $40,000$

Other assets $5,00,000$

$$6,00,000$

Liabilities & Partners' Capital

Trade aacounts payable $$1,30,000$

Felch, capital $1,40,000$

Louise, capital $2,20,000$

Jones, capital $1,10,000$

$$6,00,000$

Notes to the financial statement: The disposal of Other Assets, with a carrying amount of $$200,000,$ realized $$140,000.$ In addition, all available cash was distributed.

Instructions: Prepare the schedule, in Excel, to compute the cash payments to the partners.