A local partnership has only two assets (cash of $10,000 and land with a cost of $35,000). All lia¬ bilities have been paid and the following capital balances are currently being recorded. The partners share profits and losses as follows. All partners are insolvent.

Brown, capital (40%). $25,000 LO6 Fish, capital(30%). 15,000 Stone, capital (30%). 5,000

a. If the land is sold for $25,000, how much cash does each partner receive in a final settlement?

b. If the land is sold for $ 15,000, how much cash does each partner receive in a final settlement?

c. If the land is sold for $5,000, how much cash does each partner receive in a final settlement?