XYZ Partnership begins the liquidation process with the following balance sheet and profit and loss percentages:

Cash600,000

Noncash Assets400,000

Liabilities250,000

X Capital (50%)200,000

Y Capital (30%)300,000

Z Capital (20%)250,000

Liquidation expenses are estimated at $160,000. Assume any deficit in a partner's capital balance will not be repaid.

How much is the safe payment that can be made to the partners: (hint: must make a proposed schedule of liquidation).