Only part B please

a-1. Determine the maximum loss that can be absorbed in Step 1. Then, assuming that this loss has been incurred, determine the next maximum loss that can be absorbed in Step 2 . a-2. Liquidation expenses are estimated to be $18,000. Prepare a predistribution schedule to guide the distribution of cash. Furthe modify the tags in explanation as well. b. Assume that assets costing $96,000 are sold for $71,000. How is the available cash to be divided? Complete this question by entering your answers in the tabs below. Assume that assets costing $96,000 are sold for $71,000. How is the available cash to be divided