A local partnership has only two assets (cash of $10,000 and land with a cost of $35,000). All liabilities have been paid and the following capital balances are currently being recorded. The partners share profits and losses as follows. All partners are insolvent. Brown, capital (40%) $25,000 Fish, capital (30%) 15,000 Stone, capital (30%) 5,000

a. If the land is sold for $25,000, how much cash does each partner receive in a final settlement?

b. If the land is sold for $15,000, how much cash does each partner receive in a final settlement? (Do not round intermediate calculations.)

c. If the land is sold for $5,000, how much cash does each partner receive in a final settlement? (Do not round intermediate calculations.)