The partnership of frick Wilson and Clarke has elected to cease all operations and liquidate the business property A balance sheet drawn up at this time shows the following account balances Cash $\%60,000$ noncash asset $$219,000$ Liabilities $$40,000$ Frick capital $60\%$ $$129,000$Wilson capital $20\%$ $$35,000$ Clarke capital $20\%75,000.$ Prepare a prediistribution plan for this partnership. The following transactions liquidating the business

Distributed cash based on safe capital baalnces immediately to the partners Liquidation expense $$8,000$ are estimated as a basis for this computation

Sold non cash assets with a book value of $$94,000$ for $$60,000$

Paid all liabilities

Distributed cash based on safe capital balance

Sold remaining noncash assets for $51,000$

Paid actual liquidation expenses of $$6,000$ only

Distributing remaining cash to the partners and closed the financial records of the business permanently

Produce a final statement of liquidation for this partnership using predistribution plan to determine payments of cash to partners based on safe capital balances