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 $24,000 to the partnership. Cash Liabilities $145,000 50,000 Monte, loan 50,000 Buarque, capital (50% of profits and losses) 20,000 Monte, capital (25%) Vinicius, capital (25%) 55,000 (30,000) (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 partnership's property. The partners have prepared the following balance sheet: Cash Drawdy, loan $ 35,000 20,000 Liabilities Langston, loan $ 45,500 25,000 Noncash assets 180,000 Drawdy, capital (40%) 80,000 Langston, capital (30%) Pearl, capital (30%) 65,000 19,500 Total assets $235,000 Total liabilities and capital $235,000 The firm sells the noncash assets for $135,000; it will use $30,000 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 partnership's property. The partners have prepared the following balance sheet: 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 partnership's property. The partners have prepared the following balance sheet: Cash $ 35,000 Drawdy, loan Noncash assets 20,000 Liabilities Langston, loan $ 45,500 25,000 180,000 Drawdy, capital 80,000 Langston, capital 65,000 Pearl, capital 19,500 Total assets $235,000 Total liabilities and capital $235,000 The firm sells the noncash assets for $135,000; it will use $21,000 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 Krups, loan Krups, capital (30% of profits and losses) Lindau, capital (30%) Riedel, capital (20%) Schnee, capital (20%) 9,000 21,000 (50,000) deficit (45,000) deficit 30,000 35,000 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D 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. < Prev 2 of 12 Next > Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D 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. Beginning balances Contribution by Vinicius Capital balances Elimination of Vinicius's deficit Final distribution Buarque, Capital Monte, Loan and Capital Vinicius, Capital $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D 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. (Do not round intermediate 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 $ 0 $ 0 $ 0 Allocation of Pearl's deficit Final distribution $ 0 $ 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 process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances. (Do not round intermediate 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 $ 0 $ 0 $ 0 Allocation of Pearl's deficit balance Final distribution $ 0 SA 0 EA 0 Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D 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. (Do not round intermediate calculations. Round the final answer to nearest dollar amounts.) Beginning balances Allocation of Krups's deficit balance Capital balances Contribution by Lindau Final distribution Krups, Loan and Capital Lindau, Capital Riedel, Capital Schnee, Capital 0 $ 0 0 $ 0 $ 0 $ 0 EA $ 0 EA 0