... Problem 16- 5: Step Determine net capital interest of each partner LO Four steps in an advance plan Copyright © 2015 John Wiley & Sons, Inc All rights reserved Installment Liquidation Problem 16- 5: ... partners' capital accounts c) c ratio of the capital contributions by the partners d) d ratio of capital contributions less withdrawals by the partners LO Four steps in an advance plan Copyright © ... partnership should be taken over by the corporation in the following amounts: Cash $15,000 Accounts receivable 32,400 Allowance for uncollectibles 2,900 Office equipment 16, 000 Prepaid insurance 800...