9. As of January 1, 2013, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses: Cash Noncash assets Liabilities Canton, capital (30%) Yulls, capital(40%) Gan, capital (30%) 80,000 205,000 47,000 138,000 119,500 19,500) The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000 How much of the existing cash balance could be distributed safely to partners at this time? 10. The partnership of Delk, Johnson, and Ruiz share profits and losses in the ratio of 4:3:3, respectively. The partners voted to dissolve the partnership when its assets, liabilities, and capital were as follows: Assets Liabilities and Equity Liabilities Delk, Capital Johnson, Capital Ruiz, Capital $130,000 360,000 200,000 240,000 Total Lia & Equity $30.000 Cash Other assets $180,000 750,000 Total assets $930,000 The partnership will be liquidated over a prolonged period of time. As cash is available, it will be distributed to the partners. The first sale of noncash assets having a book value of $350,000 realized $225,000. How much cash should be distributed to each partner after this sale