1. A partnership has the following capital balances: A ( 20% of profits and losses) $ 100,000 B ( 30% of profits and losses) $ 120,000 C ( 50% of profits and losses) $ 180,000 If the partnership is to be liquidated and $ 30,000 becomes immediately available, who gets that money? Show your work: The attached template must be filled out along with showing work for the above problem. UNIT 7 POST PROBLEM 1 TEMPLATE Reported Balances Assumed $370,000 loss Potential balances Potential loss from C's deficit* Current cash distribution *The split is 20/30 or 40%/60% A, Capital $100,000 B, Capital $120,000 C, Capital $180,000