The partnership of Butler, Osman, and Ward was formedseveral years as a local tax preparation firm. Two partners havereached retirement age and the partners have decided to terminateoperations and liquidate the business. Liquidation expenses of$50,000 are expected. The partnership balance sheet at the start ofliquidation is as follows:

Cash	$	46,000		Liabilities	$	186,000
Accounts receivable		76,000		Butler, loan		46,000
Office equipment (net)		66,000		Butler, capital (25%)		130,000
Building (net)		190,000		Osman, capital (25%)		46,000
Land		180,000		Ward, capital (50%)		150,000
Total assets	$	558,000		Total liabilities andcapital	$	558,000

Prepare a predistribution plan for this partnership - Ihave already done this part: see below

	Bulter, Loan and Capital	Osman, Capital	Ward, Capital
Beg bal.	176,000	46,000	150,000
Loss	46,000	46,000	92,000
Step one bal.	130,000	0	58,000
Loss	29,000		58,000
Step two bal.	101,000	0	0

The following transactions transpire in chronologicalorder during the liquidation of the partnership:

1. Collected 90 percent of the accounts receivable and wrote theremainder off as uncollectible.

2. Sold the office equipment for $28,000, the building for$142,000, and the land for $184,000.

3. Made safe capital distributions.

4. Paid all liabilities in full.

5. Paid actual liquidation expenses of $38,000 only.

6. Made final cash distributions to the partners.

-- I really only need help with number 3 and number6. Thank you.