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		$	5,800
Accounts Receivable (net)			21,500
Inventory			11,000
Plant and Equipment (net)			97,900
Accounts Payable						$	18,100
Pen, Capital							53,100
Evan, Capital							43,000
Torves, Capital							22,000
Total		$	136,200			$	136,200

2. The partners share profits and losses as follows: Pen, 60 percent; Evan, 20 percent; and Torves, 20 percent.
3. The partners are considering an offer of $101,000 for the firms accounts receivable, inventory, and plant and equipment as of June 30. The $101,000 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.