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 $34,000 to the partnership. Cash Liabilities $155,000 60,000 Monte, loan 70,000 Buarque, capital (50% of profits and losses) 22,000 Monte, capital (25%) 43,000 Vinicius, capital (25%) (40,000) (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 Noncash assets $ 45,000 30,000 200,000 Total assets $275,000 Liabilities $ 59,500 Langston, loan 26,000 Drawdy, capital (40%) 90,000 Langston, capital (30%) Pearl, capital (30%) 75,000 24,500 Total liabilities and capital $275,000 The firm sells the noncash assets for $145,000; it will use $40,000 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: Cash Drawdy, loan Noncash assets $ 45,000 30,000 200,000 Liabilities Langston, loan Drawdy, capital $ 59,500 26,000 90,000 Langston, capital Pearl, capital 75,000 24,500 Total assets $275,000 Total liabilities and capital $275,000 The firm sells the noncash assets for $145,000; it will use $31,000 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 31,000 (70,000) deficit (55,000) deficit 40,000 45,000 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. Beginning balances Contribution by Vinicius Capital balances Elimination of Vinicius's deficit Final distribution Buarque, Capital Monte, Loan and Capital Vinicius, Capital 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.) Beginning balances Loss on disposal Liquidation expenses Capital balances Allocation of Pearl's deficit Final distribution Drawdy, Loan and Capital Langston, Loan and Capital Pearl, Capital 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.) Beginning balances Loss on disposal Liquidation expenses Capital balances Allocation of Pearl's deficit balance Final distribution Drawdy, Loan and Capital Langston, Loan and Capital Pearl, Capital 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 < Required C Required D >