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

Cash300,000

Noncash Assets200,000

Liabilities125,000

X Capital (50%)100,000

Y Capital (30%)150,000

Z Capital (20%)125,000

Liquidation expenses are estimated at $80,000. 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 do a proposed schedule of liquidation).