accounting

PRINTER VERSION BACK estion 12 e partners income and loss sharing ratio is 2:3:5, respectively. CHENARD, JENNINGS, AND BLAIR PARTNERSHIP Balance Sheet December 31, 2017 Assets Liabilities and Owners' Equity cash $ 41600 Liabilities $151000 Noncash assets 288000 Chenard, Capital 59800 Jennings, Capital 89800 Blair, Capital 29000 Total $329600 Total $329600 If the CHENARD, JENNINGS, and BLAIR Partnership is liquidated by selling the noncash assets for $371000, and creditors are paid in full, what is the total amount of cash that CHENARD will receive in the distribution of cash to partners? $117400 $70500 $76400 $16600