Question: Need help figuring out this problem, I AM STUCK !! Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio

Need help figuring out this problem, I AM STUCK !!

Need help figuring out this problem, I AM STUCK !! Adams, Peters,

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 Liabilities and Equities Cash Adams, Loan Other Assets $ 49,000 Liabilities 11,800 Adams, Capital 218,000 Peters, Capital Blake, Capital $ 45,500 64,900 88,500 79,900 Total Assets $278,800oLiabilities & Equities $278,800 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 Capital Accounts Adams Peters Blake Adams Peters Blake 301 % 501% Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest: 201 % 64,900 11,800 $ 53,100 $88,500 0 $88,500 $79,900 $79,900 295,000 159,800 Peters S 295,000 159,800 $53,100$88,500$79,900 Decrease LAPs to next highest: Adams Peters $ 295,000 159,800 $88,500$79,900 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 Liabilities and Equities Cash Adams, Loan Other Assets $ 49,000 Liabilities 11,800 Adams, Capital 218,000 Peters, Capital Blake, Capital $ 45,500 64,900 88,500 79,900 Total Assets $278,800oLiabilities & Equities $278,800 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 Capital Accounts Adams Peters Blake Adams Peters Blake 301 % 501% Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest: 201 % 64,900 11,800 $ 53,100 $88,500 0 $88,500 $79,900 $79,900 295,000 159,800 Peters S 295,000 159,800 $53,100$88,500$79,900 Decrease LAPs to next highest: Adams Peters $ 295,000 159,800 $88,500$79,900

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