Cash Drawdy, loan Noncash assets 43, 000 28, 000 196,000 Liabilities Langston, loan Drawdy, Langston, capital (30%) Pearl, capital (30%) s 49,500 33,000 88, 000 73,000 23, 500 $267,000 capital (40%) Total assets 5267,000 Total liabilities and capital The firm sells the noncash assets for $143,000; it will use $38,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent. Part C Drawdy, Langston, and Pearl operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnership's property. The partners have prepared the following balance sheet 49,500 33,000 88,000 73,000 23, 500 43, 000 Liabilities Cash Drawdy, loan Noncash assets Langston, loan Drawdy, capital Langston, capital Pearl, capital 28,000 196, 000 Total assets $267,000 Total liabilities and capital $267,000 The firm sells the noncash assets for $143,000; it will use $29,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent. Assume that the profits and losses are split 2:4:4 to Drawdy, Langston, and Pearl, respectively Part D Followina the liauidation of all noncash assets the partnership of Krups. Lindau. Riedel. and Schnee has the following account