. During January, non-cash assets with carrying amount of ?260,000 was sold for $120,000. Disposal costs amounted to ?40,000. All of the partners are personally insolvent. How much did B receive on the cash distribution to the partners? On January 1, 20x1, the partners of ABC Co. decided to liquidate their partnership on installment basis. Distributions to partners shall be made as cash becomes available. The following information was made available: 2:. 9:. Cash 40,001] Accounts receivable 120,000 Receivable from C 20,000 Inventory 240,000 Equipment 600,011) Accounts payable 60,000 Payable to B 40,000 A, Capital (20%) 200,000 A, Drawing 40,000 B, Capital (30%) 300,000 C, Capital (50%) 400,000 C, Drawings 60,000 Totals 1,060,000 1,060,000 60,000 74,000 76,000