W, x, Y, & Z were partners who shared profits and losses on a 5:3:1:1basis, respectively. They were beginning to liquidate their business. The partnership had the following balance- sheet: CASH $52,000 LIABILITIES $66,000 OTHER ASSETS $315,000 W Capital $82,000 D5,000 05JD X Capital Y Capital 62,000 Z Capital The partnership anticipated liquidation expenses of $37,000. 52,000 Required: L Prepare a predistribution plan 2 Assuming $133,000 of cash was available, how much cash would go to each partner? 3. The pa rtnershi p had cash of $52,000, how much cash must the partnershi p sell the other assets for in order to ensure that partner Z will get $27,000