The Balance Sheet of the ABC Partnership, Which Is Being

The balance sheet of the ABC Partnership, which is being liquidated, is as shown:
$$\begin{array} { | l | r | l | r | } \hline \text { Assets } & & \text { Liabilities } & \\\hline \text { Cash } & \$ 25,000 & \text { Accounts payable } & \$ 80,000 \\\hline \text { Receivables } & 40,000 & \text { Bank loan payable } & \underline { 100,000 } \\\hline \text { Inventory } & 60,000 & \text { Total liabilities } & \underline { 180,000 } \\\hline \text { Plant and equipment, net } & 275,000 & \text { Capital } & \\\hline & & \text { Acton } & 35,000 \\\hline & & \text { Brock } & 85,000 \\\hline & & \text { Cohen } & \underline { 100,000 } \\\hline & & \text { Total capital } & \underline { 220,000 } \\\hline \text { Total } & \$ 400,000 & \text { Total } & \$ 400,000 \\\hline\end{array}$$ The partners share income in a 1:4:5 ratio. The receivables yield $30,000 in cash. The inventory and plant and equipment are sold for $300,000.
Required
Determine the proper distribution of the available cash to the creditors and the partners.