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Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 2:3:5. When they decide to liquidate, the balance sheet is as follows: Assets Cash Adams, Loan Other Assets $ 55,000 13,000 230,eee Liabilities and Capital Liabilities Adams, Capital Peters, Capital Blake, Capital Total Liabilities & Equities $ 46,500 71,500 97,500 82,500 $298,000 Total Assets $298,000 Liquidation expenses are expected to be negligible. No interest accrues on loans with partners after termination of the business. Required: Prepare a cash distribution plan for the APB Partnership. Please follow the practical guidelines when completing this worksheet. APB PARTNERSHIP Cash Distribution Plan Loss Absorption Potential Adams Peters Blake Capital Accounts Peters Adams Blake 94 Profit and loss percentages Proliquidation capital balances Loan to Adams Total Loss absorption potential Rahathir $ 0 $ 0 $ 0 Liquidation expenses are expected to be negligible No interest accrues on loans with partners after termination of the business. Required: Prepare a cash distribution plan for the APB Partnership. Please follow the practical guidelines when completing this worksheet. APB PARTNERSHIP Cash Distribution Plan Loss Absorption Potential Adams Peters Blake Capital Accounts Adams Peters % Blake % Profit and loss porcentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest S 0 $ 0 $ 0 $ 0 $ 0$ 0 $ 0 $ 0 $ 0 Decrease LAPs to next highest 0 $ s 0 0 $ $ 0 0 $ S 0

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