Solution The question is really long and a lot of complex calculations are involved. I will try to answer as many parts as I can. ___________________ Part A) PREDISTRIBUTION PLAN 1) Payment of liabilities and liquidation expenses is required to be assured. Next $32,000 goes to Clarke. 2) Next $28,000 is split between Frick and Clarke on a 60:20 basis. 3) Any further cash is split among Frick, Wilson, and Clarke on a 60:20:20 basis. _______ _______ _____________________ Part B) .