Wong, Hong, and Pai decided to liquidate their partnership on October 1. After the noncash assets were sold and the liabilities paid, the capital account balances were Wong, $87,400; Hong, $34,500; and Pai, $50,800. The partners divide profits and losses equally. The partnership has $172,700 of cash. 

Instructions 

a. How much cash will each partner receive in the final liquidation? 

b. Assume instead that there is $142,700 of cash after the noncash assets are sold and the liabilities are paid. How much cash will each partner receive?