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A partnership has the following account balances: Cash, $90,000; Other Assets, $640,000; Liabilities, $344,000; Nixon (50 percent of profits and losses), $180,000; Cleveland (30 percent),

A partnership has the following account balances: Cash, $90,000; Other Assets, $640,000; Liabilities, $344,000; Nixon (50 percent of profits and losses), $180,000; Cleveland (30 percent), $130,000; Pierce (20 percent), $76,000. The company liquidates, and $18,000 becomes available to the partners. Who gets the $18,000? Determine how much of this amount should be distributed to each partner. (Do not round intermediate calculations.)

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