Calculating safe payments over the term of an installment liquidation. A partnership has decided to liquidate its operations. Prior to beginning the liquidation process, the partnership had cash...

Calculating safe payments over the term of an installment liquidation. A partnership has decided to liquidate its operations. Prior to beginning the liquidation process, the partnership had cash balances of $12,000 and noncash assets of $210,000. At that time liabilities were $125,000 of which $25,000 represented a note payable to Partner B. The capital information for the current partners is as follows:

The following events occurred over the four-month liquidation period, and it was decided that all available cash would be distributed at the end of each month.