A condensed balance sheet for a partnership to be liquidated is as follows:

The profit and loss percentages for Partners A, B, and C are 50%, 30%, and 20%, respectively. For each of the following independent scenarios, determine how much of the available cash, with the exception of $10,000, would be distributed to Partner B.
1. Assume that the receivables and the inventory were liquidated for $140,000 cash.
2. Assume that all noncash assets other than equipment were sold for $53,000 cash.
3. Assume that noncash assets with a book value of $300,000 were sold for $250,000 cash and that a distribution to Partner A was made in order to pay off the loan payable to them.

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Assets Liabilities and Capital 20,000 Accounts payable. 88,000 Loan payable to Partner A 70,000 A, capital.... 145,000 B, capita. . 92,000 70,000 46,000 90,000 80,000 $378,000 as Receivables (nef Equipment (net) са , capifal. Total assets $378,000 Total liabilities . .