0 The following condensed balance sheet is for the partnership of Arnie, Bart, and Kurt, who share profits and losses in the ratio of 4:3:3, respectively: Cash ...................... $ 100,000 Liabilities .................................. $150,000 Other assets ........... 300,000 Arnie, capital 40,000 Bart, capital ............................... 180,000 Kurt, capital .............................. 30,000 Total assets ...... $ 400,000 Total liabilities and capital $400,000 The partners agreed to dissolve the partnership after selling the other assets for $200,000. Required: Solutions Prepare a schedule of distribution to each partner