B. The Keaton, Lewis, and Meador partnership had the following balance sheet just before entering liquidation: A. The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash $ 10,000 Liabilities $ 130,000 Cash $ 16,000 Liabilities $ 150,000 Noncash assets 300,000 Keaton, capital 60,000 Noncash assets 434,000 Abrams, capital 80,000 Lewis, capital 40,000 Bartle, capital 90,000 Meador, capital 80,000 Creighton, capital 130,000 Total $ 310,000 Total $ 310,000 Total $ 450,000 Total $ 450,000 Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. Keaton, Lewis, and Meador share profits and losses in a ratio of 2:4:4. Non-cash assets were sold for $180,000. Liquidation expenses were $10,000. Assume that Lewis was personally insolvent 1. If the non-cash assets were sold for $234,000, what amount of the loss would have been and could not contribute any assets to the partnership, while Keaton and Meador were both solvent. allocated to Bartle? What amount of cash would Keaton have received from the distribution of partnership assets? 2. If the non-cash assets were sold for $134,000, which partner(s) would have had to contribute assets to the partnership to cover a deficit in his/her capital account? 3. After the liquidation expenses of $12,000 were paid and the non-cash assets sold, Creighton had a deficit of $8,000. For what amount were the non-cash assets sold