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eBook Distribution of Cash Upon Liquidation David Oliver and Umar Ansari, with capital balances of $46,000 and $62,000, respectively, decide to liquidate their partnership After selling the noncash assets and paying the abilities, there is $135,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed? If an amount is zero, enter in "O". Total Ansari 62.000 108,000 Oliver and Ansari Distribution of Cash Oliver Capital balances before realization 46,000 Division of gain on realization Capital balances after realization Cash distributed to partners GUDI Final balances Liquidating Partnerships-Capital Deficiency Nettles, king, and Tanaka are partners sharing income 3:2:1. After the firm's loss from liquidation is distributed, the capital account balances were: Nettles, $72,000 Dr.; King, $279,000 C, and Tanaka, $186,000 CM If Nettles is personally bankrupt and unable to pay any of the $72,000, what will be the amount of cash received by King and Tanaka upon liquidation? If an amount is zero, enter in 0. Use the minus sign to indicate any deficiencies. Amount of Cash Received Nettles King Tanaka Capital balances after realization Distribution of partner deficiency Capital balances after deficiency distribution Partner bonuses, statement of partnership equity Instructions Statement of Partnership Equity Instructions The partnership of Angel investor Associates began operations on January 1, 2016, we contributions from two partners as follows Dennis Overton $130.500 Ben Testerman 130.000 The following additional partner transactions took place during the year 1. In early January, Randy Campbell is admitted to the partnership by contributing 106,200 cash for a 20% 2. Net Income of $126,000 was earned in 2015. In addition, Dennis Overton received a lary allowance of 544 300 for the your. The the partners agree to an income sharing ratio equal to the capital balances after admitting Campbell 3. The partners withdrawals are equal to ruit of the increase in their capitat balances from away allowance and income Prepare a statement of rartoehto, egety for the year ended December 31, 20s. For those boxes which you must enter negative numbers, cara mus aga Statement of Partnership Equity Prepare a talento ateratio eguty for the your ended December 20s. For those boxes in which you must entersuberactive or negative rumowy co miris sign Angel investor Associates Statement of Partnership Equity For the Year Ended December 31, 2015 Check My Work more Check My Work uses remaining Statement of Partnership Equity Prepare a forthyer December 2015. For those which you more Angeline Salement of Patien For the Year Ended December 2015 Denis Orton Beneste Capital Capit Randy Campbel Town Cape 1 anos January 1, 2045 Admission of Randy Campbell Staryawance Reaning income Partner withdrawal 1 Balances, December 31, 2015 Check My Work more Check My Work romaning Subsent for Grading 102 787 Mostly cloudy o