balances were as liabilities were ed, Partners share profits and losses equally. Beginning llustrated in the table below. Assume all non-cash assets were soa settled. Partners with deficit capital balances were not able to contribute any cash to settle their deficits Non Cash uablities 's Capital B's Capital Cs Capital (15,000)$18,000 Cash Assets Beginning balances 90,000$55,000 32,000 So 22. Which type of liquidation did the partners follow? a. Lump sum liquidation b. Instantaneous liquidation c. Installment liquidation d. Partial liquidation e. Immediate liquidation 23. What is the change in Partner C's capital as a result of the sale of assets? a. Decrease $15,000 b. Increase $5,000 c. Decrease $5,000 d. Increase $15,000 e. None of these