Safe Payment Schedule

Statement Partnership Liquidation

Cash Non Cash Priority Liability Andy Loan Budi Budi
50% 30%
Balance Jan 1 100,000 1,250,000 490,000 300,000 10,000 350,000
offset loan to Chandra (30,000)
write off goodwill (30,000) (15,000) (9,000)
Collected AR 220,000 (220,000)
Sold of inventory 220,000 (200,000) 10,000 6,000
Predistribrution Balance 540,000 770,000 490,000 295,000 10,000 347,000
January Distribution
Creditor (490,000) (490,000)
Partner (45,000) (10,000) (35,000)
Balance Feb 1 5,000 770,000 - 295,000 - 312,000
Sold of equipment 80,000 (100,000) (10,000) (6,000)
Sold of inventory 90,000 (90,000)
Liquidation exp (4,000) (2,000) (1,200)
Discovered Liability 10,000 (5,000) (3,000)
Predistribrution Balance 171,000 580,000 10,000 278,000 - 301,800
February Distribution
Creditor (10,000) (10,000)
Partner (10,000) (10,000)
Partner (146,000) 117,600
Balance Mar 1 5,000 580,000 - 278,000 - 409,400
Sold of Land 150,000 (125,000) 12,500 7,500
Sold of Building 245,000 (225,000) 10,000 6,000
Liquidation exp (5,000) (2,500) (1,500)
Sold of equipment 150,000 (200,000) (25,000) (15,000)
Write off AR (30,000) (15,000) (9,000)
Predistribrution Balance 545,000 - - 258,000 - 397,400
Partner (545,000) (272,500) (163,500)
- - - (14,500) - 233,900
 Safe Payment Schedule
Chandra Possible Losses Andy Budi Chandra
20% 50% 30% 20%
200,000 Partner Equity 300,000 360,000 170,000
(30,000) Losses on Non Cash Asset (770,000) (385,000) (231,000) (154,000)
(6,000) (85,000) 129,000 16,000
Losses on Contigencies (5,000) (2,500) (1,500) (1,000)
4,000 (87,500) 127,500 15,000
168,000 Losses on Andy 87,500 (52,500) (35,000)
- 75,000 (20,000)
Losses on Chandra (20,000) 20,000
- 55,000 -
168,000
(4,000) Partner Equity 278,000 301,800 161,200
Losses on Non Cash Asset (580,000) (290,000) (174,000) (116,000)
(800) (12,000) 127,800 45,200
(2,000) Losses on Contigencies (5,000) (2,500) (1,500) (1,000)
161,200 (14,500) 126,300 44,200
Loss on Andy 14,500 (8,700) (5,800)
- 117,600 38,400

38,400 Partner Equity 258,000 397,400 191,600

199,600
5,000
4,000
(1,000)
(10,000)
(6,000)
191,600
(109,000)
82,600
Cash Distribution Plan

Vulneralability Ranking

Loss
Partner Absorption
Equity Ratio Potential Rank
Andy 300,000 50% 600,000 1
Budi 360,000 30% 1,200,000 3
Chandra 170,000 20% 850,000 2

Assumed Loss Absorption

Andy Budi Chandra Total
50% 30% 20%
Preliquidation Equity 300,000 360,000 170,000 830,000
Assumed Loss to absorb Andy's equity (300,000) (180,000) (120,000) (600,000)
Balances - 180,000 50,000 230,000
Assumed Loss to absorb Chandra's equity (75,000) (50,000) (125,000)
Balances - 105,000 - 105,000
Assumed Loss to absorb Budi's equity (105,000) (105,000)

Cash Distribution Plan

Priority Liabi Budi Loan Andy Budi Chandra
490,000 490,000
10,000 10,000
95,000 95,000
125,000 75,000 50,000
Remainder 50% 30% 20%

Statement Partnership Liquidation

Priority
Cash Non Cash Liability Andy Loan Budi
50%
Balance Jan 1 100,000 1,250,000 490,000 300,000 10,000
offset loan to Chandra (30,000)
write off goodwill (30,000) (15,000)
Collected AR 220,000 (220,000)
Sold of inventory 220,000 (200,000) 10,000
Predistribrution Balance 540,000 770,000 490,000 295,000 10,000
January Distribution
Creditor (490,000) (490,000)
Partner (10,000) (10,000)
Partner (35,000)
Balance Feb 1 5,000 770,000 - 295,000 -
Sold of equipment 80,000 (100,000) (10,000)
Sold of inventory 90,000 (90,000)
Liquidation exp (4,000) (2,000)
Discovered Liability 10,000 (5,000)
Predistribrution Balance 171,000 580,000 10,000 278,000 -
February Distribution
Creditor (10,000) (10,000)
Partner (60,000)
Partner (96,000)
Balance Mar 1 5,000 580,000 - 278,000 -
Sold of Land 150,000 (125,000) 12,500 -
Sold of Building 245,000 (225,000) 10,000 -
Liquidation exp (5,000) (2,500) -
Sold of equipment 150,000 (200,000) (25,000) -
Write off AR (30,000) (15,000) -
Predistribrution Balance 545,000 - - 258,000 -
Partner (29,000)
Partner (516,000) (258,000) -
- - - - -
Budi Chandra
30% 20%
350,000 200,000
(30,000)
(9,000) (6,000)

6,000 4,000
347,000 168,000

(35,000)
312,000 168,000
(6,000) (4,000)
 (1,200) (800)
(3,000) (2,000)
301,800 161,200

(60,000)
(57,600) (38,400)
184,200 122,800
7,500 5,000
6,000 4,000
(1,500) (1,000)
(15,000) (10,000)
(9,000) (6,000)
172,200 114,800
(17,400) (11,600)
(154,800) (103,200)
- -