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Chenard, Jennings, and Blair share profits and losses is 2:3:5, respectively. The balance sheet is: CHENARD, JENNINGS, AND BLAIR PARTNERSHIP Balance Sheet December 31, 2020

Chenard, Jennings, and Blair share profits and losses is 2:3:5, respectively. The balance sheet is:

CHENARD, JENNINGS, AND BLAIR PARTNERSHIP Balance Sheet December 31, 2020

Assets

Liabilities and Owners' Equity

Cash

$ 50000

Liabilities

$157000

Noncash assets

287000

Chenard, Capital

60400

Jennings, Capital

90600

Blair, Capital

29000

Total

$337000

Total

$337000

If the partnership is liquidated by selling the noncash assets for $377000, and creditors are paid in full, what is the total amount of cash that Chenard will receive in the distribution of cash to partners?

$18000

$117800

$74000

$78400

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