The partnership of Bauer, Ohtani, and Souza has elected to cease all operations and liquidate its business propertyA balance sheet drawn up at this time shows the following account balances: Cash Noncash assets $58,000195,000$ Liabilities Bauer, capital $(60)$ Ohtani, capital $20)$ Souza, capital $(20)$ Total liabilities and capital $44,000111,00031,00067,000253,000$ Total assets $253,000$ Required: Part A Prepare a predistribution plan for this partnership Part The following transactions occur in liquidating this business $1.$ Distributed safe payments of cash immediately to the partners Liquidation expenses of $$8,000$ are estimated as basis for this computation $2.$ Sold noncash assets with a book value of $ $86,000$ for $$58,0003.$ Paid all liabilities $4.$ Distributed safe payments of cash again Sold remaining noncash assets for $$47,000$ actual liquidation expenses of $$6,000$ only