PROBLEM 2 The ABC Partnership decided to terminate its affairs as of December 31, 2018. The following information is taken from the balance sheet that was prepared as of the date of termination: Cash 100,000 240,000 180,000 580,000 Liabilities A, Capital (30%) B, Capital (20%) C, Capital (50%) Total Liabilities Capital $ 80,000 580,000 360,000 80,000 Receivables (net) Inventories Fixed Assets (net) Total Assets $1.100.000 $1.100.000 Assume that 75% of the noncash assets were sold for $550,000 and that 25% of the liabilities were paid at the first stage of liquidation. All other assets and were settled at the second stage. Prepare a safe payment schedule assuming all partners are insolvent