Following is a series of independent cases. In each situation, indicate the cash distribution to be made to partners at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances.

Part A

The Buarque, Monte, and Vinicius partnership reports the following accounts. Vinicius is personally insolvent and can contribute only an additional $13,000 to the partnership.

Cash	$	134,000
Liabilities		39,000
Monte, loan		28,000
Buarque, capital (50% of profits and losses)		42,000
Monte, capital (25%)		44,000
Vinicius, capital (25%)		(19,000	) (deficit)

Part B

Drawdy, Langston, and Pearl operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnerships property. The partners have prepared the following balance sheet:

Cash	$	24,000		Liabilities	$	39,000
Drawdy, loan		9,000		Langston, loan		15,000
Noncash assets		158,000		Drawdy, capital (40%)		69,000
				Langston, capital (30%)		54,000
				Pearl, capital (30%)		14,000
Total assets	$	191,000		Total liabilities and capital	$	191,000

The firm sells the noncash assets for $124,000; it will use $19,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent.

Part C

Drawdy, Langston, and Pearl operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnerships property. The partners have prepared the following balance sheet:

Cash	$	24,000		Liabilities	$	39,000
Drawdy, loan		9,000		Langston, loan		15,000
Noncash assets		158,000		Drawdy, capital		69,000
				Langston, capital		54,000
				Pearl, capital		14,000
Total assets	$	191,000		Total liabilities and capital	$	191,000

The firm sells the noncash assets for $124,000; it will use $10,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent. Assume that the profits and losses are split 2:4:4 to Drawdy, Langston, and Pearl, respectively.

Part D

Following the liquidation of all noncash assets, the partnership of Krups, Lindau, Riedel, and Schnee has the following account balances. Krups is personally insolvent.

Liabilities	$	9,000
Krups, loan		10,000
Krups, capital (30% of profits and losses)		(28,000	) deficit
Lindau, capital (30%)		(34,000	) deficit
Riedel, capital (20%)		19,000
Schnee, capital (20%)		24,000

Required A Required B Required Required D Indicate the cash distribution to be made to partners at the end of the liquidatio that all solvent partners will reimburse the partnership for their deficit capital ba Buarque, Capital Monte, Loan and Capital Vinicius, Capital Beginning balances Contribution by Vinicius Capital balances Elimination of Vinicius's deficit Final distribution $ $ 01 S 0 $ 0 $ 05 0 $ 0 Required A Required B Required C Required D Indicate the cash distribution to be made to partners at the end of the liquidation that all solvent partners will reimburse the partnership for their deficit capital bala calculations. Round the final answers to nearest dollar amounts.) Drawdy, Loan and Capital Langston, Loan and Capital Pearl, Capital Beginning balances Loss on disposal Liquidation expenses Capital balances Allocation of Pearl's deficit Final distribution $ $ 0 $ 0 $ 0 CA $ 0 $ 0 S 0 Required A Required B Required C Required D Indicate the cash distribution to be made to partners at the end of the liquidation that all solvent partners will reimburse the partnership for their deficit capital bala calculations. Round the final answers to nearest dollar amounts.) Drawdy, Loan and Capital Langston, Loan and Capital Pearl, Capital Beginning balances Loss on disposal Liquidation expenses Capital balances Allocation of Pearl's deficit Final distribution $ $ 0 $ 0 $ 0 CA $ 0 $ 0 S 0 Required A Required B Required C Required D Indicate the cash distribution to be made to partners at the end of the liquidation pr that all solvent partners will reimburse the partnership for their deficit capital baland calculations. Round the final answers to nearest dollar amounts.) Drawdy, Loan and Capital Langston, Loan and Capital Pearl, Capital Beginning balances Loss on disposal Liquidation expenses Capital balances Allocation of Pearl's deficit balance Final distribution $ $ OS S 05 0 $ 01 S 0 s 0