The Simpson, Hart, Bobb, and Reldel partnership has terminated operations and is undergoing liquidation Sales commissions and other liquidation expenses are expected to total $19,000. The partnership's balance sheet prior to the commencement of liquidation is as follows: Cash Noncash assets $ 27,000 254,000 Simpson, capital (2017) Hart, capital (40%) Bobb, Capital (20%) Reidl, capital (20%) Total liabilities and capital 40,000 18,000 40,000 48,000 135,000 $281,000 Total assets 5281,000 Prepare a predistribution plan for this partnership Complete this question by entering your answers in the tabs below. Loss Allocation Partner Balances Prepare the loss allocation table Partner Maximum Capital Balance Loss Allocation Loss That Can Be Absorbed Schedule 1 Simpson Hart Bobb Reid Complete this question by entering your answers in the tabs below. Loss Allocation Partner Balances Prepare the loss allocation table. Partner Maximum Capital Balance Loss Allocation Loss That Can Be Absorbed Schedule 1 Simpson Hart Bobb Reidl Schedule 2 Hart Bobb Reidl Schedule 3 Bobb Reid! Partner Balas