The Pen, Evan, and Torves Partnership has asked you to assist in winding-up its business affairs. You compile the following information:

1. The partnerships trial balance on June 30, 20X1, is

	Debit				Credit
Cash		$	6,200
Accounts Receivable (net)			20,000
Inventory			16,000
Plant and Equipment (net)			99,100
Accounts Payable						$	11,200
Pen, Capital							57,000
Evan, Capital							47,100
Torves, Capital							26,000
Total		$	141,300			$	141,300

2. The partners share profits and losses as follows: Pen, 50 percent; Evan, 30 percent; and Torves, 20 percent.
3. The partners are considering an offer of $102,000 for the firms accounts receivable, inventory, and plant and equipment as of June 30. The $102,000 will be paid to creditors and the partners in installments, the number and amounts of which are to be negotiated.

Required: Prepare a cash distribution plan as of June 30, 20X1, showing how much cash each partner will receive if the partners accept the offer to sell the assets.