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Distribution of Cash Upon Liquidation Jason Bradley and Abdul Barak, with capital balances of $51,000 and $69,000, respectively, decide to liquidate their partnership. After selling

Distribution of Cash Upon Liquidation

Jason Bradley and Abdul Barak, with capital balances of $51,000 and $69,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $150,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed?

If an amount is zero, enter in "0".

Bradley and Barak
Distribution of Cash
Bradley Barak Total
Capital balances before realization $ $ $
Division of gain on realization
Capital balances after realization $ $
Cash distributed to partners
Final balances $ $

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