The Pen, Evan, and Torves Partnership has asked you to assist in winding up its business affairs. You compite the following information 1 The partnership's trial balance on June 30, 20X1.is Credit Debit $ 7,200 38,000 27.000 98,400 Cash Accounts Receivable (net) Inventory Plant and Equipment (net) Accounts Payable Pen, Capital Evan, Capital Torves, Capital Total 5 10,600 67,800 57.000 36,000 $170,600 $170,600 2. The partners share profits and losses as follows: Pen, 50 percent: Evan, 25 percent and Torves, 25 percent 3. The partners are considering an offer of $112,000 for the firm's accounts receivable. Inventory, and plant and equipment as of June 30. The $112,000 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 PET PARTNERSHIP Cash Distribution Plan June 30, 20X1 Loss Absorption Potential Pen Evan Torves Capital Accounts Evan Pon Torves Profit and loss percentages Preliquidation capital balances Loss absorption potential capital balances/los percent) narmanns hirsha I AD in navt hinnat