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	$	6,700
Accounts Receivable (net)		28,000
Inventory		21,000
Plant and Equipment (net)		99,600
Accounts Payable				$	11,800
Pen, Capital					62,000
Evan, Capital					52,500
Torves, Capital					29,000
Total	$	155,300		$	155,300

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 $107,000 for the firms accounts receivable, inventory, and plant and equipment as of June 30. The $107,000 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.