Ray; Scotr, and Van are liquidating their partnership. Before selling the assets and paying the liabilities, the capital balances are Ray S33,000; Scott, S28,000; and Van, \(\$ 19,000\). The partnership agreement specifies no division of profits and losses.

Requirements 

1. After selling the assets and paying the liabilities, the partnership has cash of \(\$ 80,000\). How much cash will each partner receive in final liquidation? 

2. After selling the assets and paying the liabilities, the partnership has cash of \(\$ 50,000\). How much cash will each partner receive in final liquidation?