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E16-8 Cash Distribution Plan LO 16-2 Adams, Peters, and Blake share profits and losses for their APB Partnership in a ratio of 235. When they decide to liquidate, the balance sheet is as follows Liabilities and Equities S 55,000 Liablides Cash Adams, Loan Other Assets 3,000 Adams, Capital 230,000 Peters, Capital Blake, Capital S 46,500 71,500 97,500 82,500 Total Assets$298,000 Total Liabilities&Equities $298,000 Liquidation expenses are expected to be negigible No interest accrues on loans with partners after termination of the business Prepare a cash distribution plan for the APB Partnership Please follow the practical guidelines when completing this worksheet APB PARTNER SHIP Cash Distribution Plan Loss Absorption Potential Adams Peters Blake Adams Capital Accounts Peters Blake Profit and loss percentages Preliquidation capital balances Loan to Adams Total Loss absorption potential Decrease highest LAP to next highest Decrease LAPs to next highest