Exercise 9 (LO 9) Insolvent partnership and/or partners upon liquidation. The following two independent cases deal with a partnership and/or partners that are insolvent. Case A Assets Liabilities Partner A Partner B Partner C Partnership... .I $180,000 $150,000 Partnership capital balances... $34,000 $(15,000) $11,000 Personal assets.. 60,000 60,000 32,000 Personal liabilities 40,000 80,000 24,000 Case B Partnership.. $180,000 $150,000 Partnership capital balances... $34,000 $(15,000) $11,000 Personal assets.. 60,000 45,000 32,000 Personal liabilities. 72,000 60,000 36,000 Assuming that the partners share profits and losses equally, prepare a response to each of the following independent questions: