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The partners of Dunn, Carson &Devlin LLP shared net income and losses in a 3:2:1 ratio,respectively. They decided to appoint a liquidator to liquidate thepartnership. On May 31, 2013, the partnership's accounting recordsincluded cash, $42,500; other assets, $129,500; liabilities,$20,000; Dunn, capital, $75,000; Carson, capital, $55,000; andDevlin, capital, $22,000. The liquidator estimated that threemonths would be required to realize the other assets and thatliquidation costs would amount to $4,500.

a.Prepare a cashdistribution program showing how available cash should be paid tocreditors and partners in the course of liquidation. A workingpaper is not required.

b.Prepare a journalentry to record cash payments to creditors and to partners on May31, 2013, totaling $38,000.

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Define liquidator in detail