7. A partnership has the following balance sheet prior to liquidation (partners' profit and loss ratios are in parentheses): Cash $ 33,000 Liabilities Other assets 100,000 Playa, capital (40%) Bahia, capital (30%) Arco, capital (30%) Total $133,000 Total $ 50,000 24,000 29,000 30,000 $133,000 During liquidation, other assets are sold for $80,000, liabilities are paid in full, and $15,000 in liquidation expenses are paid. Based on the final statement of partnership liquidation, what amount of cash does each partner receive as a result of this liquidation? a. Playa, $6,000; Bahia, $4,500; Arco, $4,500 b. Playa, $10,000; Bahia, $18,500; Arco, $19,500 C. Playa, $ 16,000; Bahia, $23,000; Arco, $24,000 d. Playa, $19,200; Bahia, $14,400; Arco, $14,400