The trial balance for the XYZ partnership is as follows just before liquidation:
cash $ 200,000
Other assets $ 750,000
Baker receivable $ 100,000
Liabilities $ 150,000
Able Capital $ 400,000
Baker Capital $ 370,000
Charly Capital $ 130,000
partners share profits a 60:20:20 ratio
Required:
Prepare an advance cash distribution plan showing how available cash would be distributed.