The partnership of Dolla, Earl, and Festus was dissolved on January 1, 2014. The balance sheet at that date is shown below:

Cash $ 12,000 Liabilities $ 36,000

Other assets 70,000 Loan from Dolla 1,000

Loan to Festus 8,000 Dolla, capital (20%) 6,000

Earl, capital (30%) 16,000

Festus, capital (50%) 31,000

Total assets $ 90,000 Total liab./equity $ 90,000

In January, $34,000 of the accounts receivable was collected, and an additional $6,000 was determined to be uncollectible. The remaining receivables are still expected to be collected.

Required:

Determine how the available cash on January 31, 2014 will be distributed. (Use a safe payments schedule.)