The following balance sheet was prepared for ABC Partnership, whose partner's share net income and losses in the ratio of 3:1:1 respectively: Cash Other assets Totals $ 40,000 140,000 $180,000 Liabilities Abe, Capital Ben, Capital Cher, Capital $ 70,000 50,000 50,000 10,000 $180,000 The partners liquidate the partnership. Other assets are realized for $80,000 Prepare a working paper to compute the amount of cash that may be paid to creditors and to partners at this time assuming that all partners are solvent. Prepare all journal entries. Show all computations.