North, South, East and West are partners with capital balances of P2,000, P50,000, P50,000 and P18,000, respectively. Profits and losses are also shared 2:3:3:2, respectively. The partners decide to liquidate. The non cash assets were realized for P34,800, liabilities amounting to P4,500 were paid and the partners still have P33,300 to divide for themselves. Assume any capital deficiency can no longer be collected. How much is the cash balance before realization?

Chen, Korhonen, Lebuca, and Swid are partners who share profits and losses on a 4:3:2:1 basis, respectively. They are beginning to liquidate the business. At the start of this process, capital balances are Chen, capital Korhonen, capital Lebuca, capital Swid, capital Required: $ 68,000 29,400 51,000 22,400 Prepare a predistribution plan to determine which partner will be the first to receive cash from the liquidation and what amount that partner will receive before other partners receive any cash. Note: Amounts to be deducted should be entered with a minus sign. Beginning balances Assumed loss Balances Assumed loss Balances Assumed loss Balances Chen Korhonen Lebuca Swid $ 68,000 $ 29,400 $ 51,000 $ 22,400