1. A partnership has the following account balances: Cash, $87,000; Other Assets, $625,000; Liabilities, $359,000; Nixon (50% of profits and losses), $165,000; Cleveland (30%), $115,000; Pierce (20%), $73,000. The company liquidates, and $16,500 becomes available to the partners. Who gets the $16,500? (Do not round intermediate calculations.)

Safe Payments

Nixion->>>

Cleavland->>>

Pierce->>>

2. A local dental partnership has been liquidated and the final capital balances are as follows:

Atkinson, capital (40% of all profits and losses)	$ 75,000
Kaporale, capital (30%)	35,000
Dennsmore, capital (20%)	(53,000	)
Rasputin, capital (10%)	(57,000	)

If Rasputin contributes additional cash of $26,000 to the partnership, what should happen to it? (Do not round intermediate calculations.)

Cash Distribution

Atkinson->>>

Kaporale->>>

Dennsmore->>>

Rasputin->>>