The partnership of Larson, Norris, Spencer, and Harrison has decided to terminate operations and liquidate all business property. During this process, the partners expect to Incur $8,000 in liquidation expenses. All partners are currently solvent. The balance sheet reported by this partnership at the time that the liquidation commenced follows. The percentages Indicate the allocation of profits and losses to each of the four partners. Based on the Information provided, prepare a predistribution plan for llquidating this partnership. Complete this question by entering your answers in the tabs below. Prepare the loss allocation table. The partnership of Larson, Norris, Spencer, and Harrison has decided to terminate operations and IIquidate all business property. During this process, the partners expect to Incur $8,000 In IIquidation expenses. All partners are currently solvent. The balance sheet reported by this partnership at the time that the IIquidation commenced follows. The percentages Indicate the allocation of profits and losses to each of the four partners. Based on the Information provided, prepare a predistribution plan for liquidating this partnership. Complete this question by entering your answers in the tabs below. Prepare the table showing partner balances