A partnership has the following account balances at the date of termination: Cash, $82,000; Noncash Assets, $670,000; Liabilities, $410,000; Bell, capital (50 percent of profits and losses), $165,000; Mann, capital (30 percent), $105,000; Scott, capital (20 percent), $72,000. The following transactions occur during liquidation:

• Noncash assets with a book value of $510,000 are sold for $410,000 in cash.
• A creditor reduces his claim against the partnership from $140,000 to $120,000, and this amount is paid in cash.
• The remaining noncash assets are sold for $130,000 in cash.
• The remaining liabilities of $270,000 are paid in full.
• Liquidation expenses of $15,000 are paid in cash.
• Cash remaining after the above transactions have occurred is distributed to the partners.