the pen, evan, and torves partnership has asked you to assist in winding-up its business affairs. you compile the following information: the partnership's trial balance on june 30, 20x1, is 2. The partners share profits and losses as follows: Pen, 50 percent; Evan, 25 percent; and Torves, 25 percent. 3. The partners are considering an offer of $109,000 for the firm's accounts receivable, inventory, and plant and equipment as of June 30. The $109,000 will be paid to creditors and the partners in installments, the number and amounts of which are to be negotiated Required: Prepare a cash distribution plan as of June 30, 20X1, showing how much cash each partner will receive if the partners accept the offer to sell the assets.
