The trial balance for the MAD Partnership is as follows just before declaring bankruptcy. Cash $18,000 Other Assets $100,000 Matt Matt Allen Dave Liabilities Loan Capital Capital Capital $18,000 $9,000 $45,000 $27,000 $19,000 Partners share profits in the ratio 45:30:25. (a) Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after creditors are paid in full. Loss Absorption Potential Matt Allen D Loss Absorption Potential Net Capital Interest x X Balance after Distribution x X x X se Agreement ! Private Partners share profits in the ratio 45:30:25. (a) Your answer is partially correct. Try again. Prepare a schedule to show how available cash would be distributed to the partners after Loss Absorp All Matt X Loss Absorption Potential xwwww Net Capital Interest x xww Balance after Distribution X X Balance after Distribution Distribution to Reduce Loss Potential st cash available and at what point and to what degree e Loss Absorption Potential Liabilities Matt 0.45 Net Capital Interest 100 % 0 % Posermont pare a schedule to show how well thouderted to the partners after creditors are paid Les Absorption Patent Matt AL Dave Hati Assets Distribution Allen Dave which partner would receive the best cas able and what point and to what degree each of the remain partners would participate in cash 19000 Matt State which partner would receive the first cash available and at what point and to what degree each of the remaining partners would participate in cash distributions, Cash Distribution Plan Allen Order of Cash Distribution Dave Liabilities 0.45 0.3 0.25 1. First $18,000 100 0 2. Next $13,500 100 0 3. Next $10,500 M 4. Remainder 45 30 Click if you would like to Show Work for this question: Open Show Work