Alex and Bill were partners who began to liquidate their business. At the start of the process, the capital balances for Alex and Bill were $66,000 and $60,000 respectively. Alex has a profit \& loss percentage of 60% and Bill has a profit \& loss percentage of 40%. 11. Assume that after paying all liabilities, $55,000 of cash is available for distribution to the partners. How should the money be distributed? $22,000 to Bill, and $33,000 to Alex. $33,000 to Bill, and $22,000 to Alex. $31,600 to Bill, and $23,400 to Alex. $23,400 to Bill, and $31,600 to Alex. None of the above