The partners share income 40:40:20, respectively. Assume that 70% of the receivables are collected and that inventory with a book value of $14,000 is sold for $10,000. All cash available at this time is to be distributed. Determine the proper distribution of cash, using the safe payment approach. (Round answers to 0 decimal places, e.g. 5,125. Enter credit balance of an account and credit posting to an account with negative sign preceding the number, e.g. -45 or parentheses, e.g. (45).

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Exercise 16-5 Following is the balance sheet of the BDO Partnership: Cash $12,000 Liabilities Accounts Receivable 41,000 Brink, Capital Inventory 28,000 Davis, Capital Equipment 58,000 Olsen, Capital $139,000 $12,000 47,000 25,000 55,000 $139,000 Cash Noncash Assets Liabilities Account Balances Payment to Creditors Payment to Partners Sale of Inventory, Collect Accounts Receivable Brink 40% Capital Balances Davis 40% Olsen 20% $