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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

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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 Assets Liabilities and Owners' Equity Cash $ 56700 Liabilities $153000 Noncash assets 278000 Chenard, Capital 60000 Jennings, Capital 90800 Blair, Capital 30900 Total $334700 Total $334700 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? $115600 $80400 $19800 $79800

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