5. The following balance sheet summary, together with residual profit-sharing ratios, was developed on April 1, 2016, when the Doc, Fae, and Hal partnership began its liquidation:

Cash $140,000 Liabilities $ 60,000 Accounts receivable 60,000 Loan from Fae 20,000 Inventories 85,000 Doc capital (20%) 75,000 Plant assets—net 200,000 Fae capital (40%) 200,000 Loan to Doc 25,000 Hal capital (40%) 155,000

$510,000 $510,000