The Pen, Evan and Torves Partnership has asked you to assist in winding up s business affairs. You comple the following information 1 The partnership's trial balance on June 30, 20X1 Creat 23.00 12,000 99,200 Cih Accounts Receivable Inventory Pant and Equipment) Accounts Payable Pen, Costa En Croita Torves, Capital Total $ 12,500 58.000 45.000 37,909 1145,500 1545, 2. The partners share profits and losses as follows: Per 50 percent Evo 30 percent and Torves, 20 percent 3. The partners are considering an offer of 5103.000 for the firm's accounts recevable, inventory and plant and equipments of June 30. The $103.000 will be paid 10 creditors and the partner in installments, the number and amount of which are to be negotiated Required: Prepare a casa distribution contre 30, 2021, showing how much oh each partner will receive if the partners compt the offer 10 sell the PETERINERSHIP Casli olistilition tan 21 Los A Puma Tore Canta Ace EVA Tom Protados porcentages Pregulation can Los sorption of capitale sport Decrease righest LAP to highest Deceae LAPs tuned highest The Pen, Evan, and Torves Partnership has asked you to assist in winding-up its business affairs. You compile the following information: 1. The partnership's trial balance on June 30, 20X1, is Credit Debit $ 6,380 23,000 17,000 99,200 Cash Accounts Receivable (net) Inventory Plant and Equipment (net) Accounts Payable Pen, Capital Evan, Capital Torves, Capital Total $ 12,500 58,000 48,000 27,000 $145,500 $145,500 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 $103.000 for the firm's accounts receivable. Inventory, and plant and equipment as of June 30. The $103.000 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