Base your answers to questions 24 and 25 on the following information. The partnership of Pete, Marwick, and Mitchell is about to lose Mitchell to retirement. Mitchell wants a cash distribution of his equity balance. The existing partnership agreement requires that all assets and liabilities be revalued prior to a termination of any partnership interest. Prots and losses were shared on a 50%, 25%, 25% basis for Pete, Marwick, and Mitchell, respectively. Balance sheet items for the partnership are as follows: Assets: Book Value Market Value Cash $20,000 Inventory 225,000 $300,000 Equipment 150,000 100,000 $395,000 Liabilities: Accounts Payable $30,000 Partners' Equity: Pete $400,000 Marwick 255,000 Mitchell 200,000 $395,000 24. Mitchell's cash distribution to terminate his partnership interest will be A. $200,000. C. $225,000. 0. $205,250. 0. $2?5,000