The December 31, 2013, Balance Sheet of the Deng, Danielson

The December 31, 2013, balance sheet of the Deng, Danielson, and Gibson partnership, along with the partners' residual profit and loss sharing ratios, is summarized as follows: $\begin{array}{lrlr}\text { Assets }&&\text { Liabilities \& Equities }\\\text { Cash } & \$ 150,000 & \text { Accounts Payable } & \$ 225,000 \\\text { Receivables } & 300,000 & \text { Loan from Danielson } & 50,000 \\\text { Inventories } & 375,000 & \text { Deng, Capital }(20 \%) & 250,000 \\\text { Other Assets } & 475,000 & \text { Danielson, Capital }(30 \%) & 400,000 \\& & \text { Gibson, Capital }(50 \%) & 375,000 \\\text { Total Assets }&\$1,300,000&\text { Total Lia \& Equities }&\$1,300,000\end{array}$
The partners agree to liquidate their partnership as soon as possible after January 1, 2014 and to distribute all cash as it becomes available.
Required:
Prepare an advance cash distribution plan to show how cash will be distributed as it becomes available.