Prior to liquidation, the following information relates to the partnership:
Partnership trial balance:

On June 30, other assets with a book value of $160,000 were sold for $120,000, and all available cash with the exception of $20,000 was used to reduce the partnership liabilities. At that time, partners with debit (deficit) capital balances were required to contribute additional capital to whatever extent possible. On July 28, the remaining assets of the partnership were sold for $10,000. Once again, partners with debit (deficit) capital balances were required to contribute additional capital to whatever extent possible. Net personal assets of the partners were as follows:

Required
Assuming that the unsatisfied partnership creditors first look to Adams for satisfaction and then to Chenery, determine the amount to be contributed by each partner to satisfy the creditors.

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Partner Capital Cash $25,000 Profit and loss percentages Beyer Chenery $240,000 $200,000 $50,000 $(10,000) $25,000 Other Assets Liabilities Adams 30% 30% 40% Adams Beyer Chenery June 30 balances: Partner personal assets . Partner personal liabilities $44,000 36,000 $31,000 25,000 $52,000 30,000 July 28 balances: Partner personal assets.... Partner personal liabilities 30,000 22,500 22,000 17,000 49,000 27,000 . .