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 Cash 66,000 Liabilities 46,000 231,000 Frick, capital (60%) 135,000 Noncash assets Wilson, capital (20%) 37,000 Clarke, capital (20%) 79,000 Total liabilities and capital $297,000 Total assets $297,000 Part A Prepare a predistribution plan for this partnership Frick, Clarke, Wilson, Capital Capital Capital Beginning balances Loss 0 0 0 Step one balances Loss 0 0 0 Step two balances Loss 0 0 Step three balances