Apartnership is currently holding $400,000 in assets and $234,000 in liabilities. The partnership is to be liquidated, and $20,000 is the best estimation of the expenses that will be incurred during this process. The four partners share profits and losses as shown. Capital balances at the start of the liq¬ uidation follow:

Kevin, capital (40%). $59,000 LO6 Michael, capital (30%). 39,000 Brendan, capital (10%). 34,000 Jonathan, capital (20%). 34,000 The partners realize that Brendan will be the first partner to start receiving cash. How much cash will Brendan receive before any of the other partners collect any cash?

a. $12,250.

b. $14,750.

c. $17,000.

d. $19,500.