The JKLM Partnership Has the Following Balance Sheet at February

The JKLM Partnership has the following balance sheet at February 1:
$\begin{array}{lrlr}\text { Assets}&&\text { Liabilities}\\\text { Cash } & \$ 10,000 & \text { Accounts payable } & \$ 40,000 \\\text { Receivables } & 25,000 & \text { Bank loan payable } & \underline{180,000} \\\text { Inventory } & 100,000 & \text { Total liabilities } & \underline{220,000} \\\text { Plant \& equipment } & 500,000 & \text { Capital } & \\& & \text { Capital-Johnston } & 120,000 \\& & \text { Capital-Kelly } & 100,000 \\& & \text { Capital-Lynch } & 45,000 \\& & \text { Capital-Murphy } & \underline{150,000} \\& & \text { Total capital } & \underline{415,000} \\& \$ \overline{635,000} & & \$ \underline{\underline{635,000}}\end{array}$
The partners share income in a 3:2:1:4 ratio. The partnership liquidated during the period February 1 to March 31. Events for each month are as follows:
February
1) Collected receivables of $20,000 and wrote off the remaining receivables.
2) Sold half the inventory for $40,000.
3) Sold half the plant & equipment for $179,000.
4) Retained $10,000 in cash for unplanned expenditures.
March
1) Sold the remaining balance of inventory for $20,000.
2) Sold the remaining balance of plant & equipment for $160,000.
3) Distributed all remaining cash.
Required
a. Calculate the cash available for distribution to the partners at the end of February and prepare a schedule to determine the safe payments to each partner.
b. Calculate the cash available for distribution to the partners at the end of March and prepare a schedule to determine the safe payments to each partner.