The partnership of Ahmed, Omar and Faisal LLP is in the process of liquidation. On April 1, 2018, the ledger shows account balances as follows:

Assets

Cash $50,000

Accounts receivable - net $35,000

Inventory $40,000

Plant assets - net $75,000

Total $200,000

Liabilities and Equity

Accounts payable $50,000

Loan from Ahmed $20,000

Ahmed capital %50 $45,000

Omar capital %30 $60,000

Faisal capital %20 $25,000

Total $200,000

During April, the following transactions occurred:

-Inventory was sold for $30,000,

-Plant assets were sold for $90,000,

-$33,000 of accounts receivable is collected, and no further collection is expected.

-All liabilities have been paid off.

Required:

Prepare the statement of partnership liquidation to show the distribution of the cash available.