Finch, Plover, and Oriole are partners sharing profits and losses 40/30/30 respectively. Their balance sheet is belo

[answerhappygod]

Finch, Plover, and Oriole are partners sharing profits and losses
40/30/30 respectively.




Their
balance sheet is below:



































Cash





$200,000


Payables to
Creditors



$240,000


Receivable
from Finch



10,000


Payable to
Plover



40,000


Property
& Equipment

500,000


Finch,
Capital



180,000












Plover,
Capital



100,000









_______


Oriole,
Capital



150,000









$710,000









$710,000










































Prepare a
Cash-Predistribution Schedule, assuming $40,000 of liquidation
expenses.