JANUARY 1 85000 25000 90000 CONTIGENCY FUND (3000) (3000) (4000) POSSIBLE LOSS FROM ASSET (36000) (36000) (48000) 46000 (14000 ) 38000 POSSIBLE LOSS FROM ETHEL (6000) 14000 (8000) AVAILABLE CASH IS DISTRIBUTED 40000 0 30000 E 17-4 Creditor Jan(50%) Kim(30%) Lee(20%) Beginning balance 60000 59000 9000 52000 Loss on sale of asset (185.000-120.000) (32500) (19500) (13000) 65000 26500 (10500) 39000 Kim’s debit balance (7500) 10500 (3000) Cash distribution 65000 19000 0 36000 E17-10 D (20%) E (10%) F (50%) G (20%) January 1 150000 80000 140000 78000 Contingency Funds (4000) (2000) (10000) (4000) Possible Loss from AR (5600) (2800) (14000) (5600) Possible loss from (19400) (9700) (48500) (19400) inventory Possible Loss on (60000) (30000) (150000) (60000) Equipment Gain on Sales of Land 20000 10000 50000 20000 81000 45500 (32500) 9000 Possible Loss from F (13000) (6500) 32500 (13000) 68000 39000 0 (4000) Possible Loss from G (2667) (1333) 4000 Available Cash is 65333 37667 0 Distributed