As of January 1, 2021, the partnership of Carlin, Yearly, and Granite had the following account balances and percentages for the sharing of profits and losses: Cash Noncash assets Liabilities Carlin, capital (308) Yearly, capital (40%) Granite, capital (30%) $ 160,000 410,000 94,000 276,000 239,500 (39,500) The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $20,000. How much of the existing cash balance could be distributed safely to partners at this time? Short Answer Toolbar navigation B 1 IC s II A As of January 1, 2021, the partnership of Carlin, Yearly, and Granite had the following account balances and percentages for the sharing of profits and losses: Cash Noncash assets Liabilities Carlin, capital (30%) Yearly, capital (40%) Granite, capital (30%) $160,000 410,000 94,000 276,000 239,500 (39,500) The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $20,000. If the noncash assets are sold for $210,000, what would be the maximum amount of cash that Carlin could expect to receive? Short Answer Toolbar navigation E E E G