A partnership is currently holding $200,000 in assets and $120,000 in liabilities. The partnership is to be liquidated, and $20,000 is the best estimation of the expenses that will be incurred during the process. The capital balances of the two partners at the start of the liquidation and the profit and loss ratios are shown below. Kevin, Capital (40% of gains and losses).....$20,000 Michael, Capital (60% of gains and losses).$60,000 The partners realize that Michael will be the first partner to start receiving cash. How much cash will Michael receive before Kevin collects any cash?