Cash Distribution Plan Adams Peters and Blake share profits and losses for th

Cash Distribution Plan

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

Liabilities and Equities

Cash

40000

Liabilites

50000

Adams Loan

10000

Peters Capital

75000

Blake Capital

70000

Total Assets

250000

Total Liabilities and Equities

250000

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.