The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Part Prepare a predistribution plan for this partnership. Part B The following transactions occur in liquidating this business: 1. Distributed safe payments of cash immediately to the parthers. Liquidation expenses of $9,000 are estimated as a basis for this computation. 2. Sold noncash assets with a book value of $80.000 for $48,000 3. Paid all liabilities. 4. Distributed safe payments of cash again. 5. Sold remaining noncash assets for $44,000. 6. Paid actual liquidation expenses of $7,000 only. 7. Distributed remaining cash to the partners and closed the financial records of the business permanently. Produce a final statement of liquidation for this partnership using the predistribution plan to determine payments of cash to partners. Prepare a predistribution plan for this partnership. Produce a final statement of liquidation for this partnership using the predistribution plan to determine-payments of cash to partners. (Do not round intermediate calculations.)