A local partnership is liquidating and is currently reporting the following capital balances:

Angela, capital (50% share of all profits and losses). $ 19,000 Woodrow, capital (30%).18,000 LO6 Cassidy, capital (20%).(12,000)

Cassidy has indicated that a forthcoming contribution will cover the SI2,000 deficit. However, the two remaining partners have asked to receive the S25,000 in cash that is presently available. How much of this money should each of the partners be given?

a. Angela, $13,000; Woodrow, $12,000.

b. Angela, $ 11,500; Woodrow, $ 13,500.

c. Angela, $12,000; Woodrow, $13,000.

d. Angela, $12,500; Woodrow, $12,500.