Following is a series of independent cases.

Required:

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 $$32,000$ to the partnership.

Cash $ $153,000$

Liabilities $58,000$

Monte, loan $66,000$

Buarque, capital $(50\%$ of profits and losses$)26,000$

Monte, capital $(25\%)41,000$

Vinicius, capital $(25\%)(38,000)($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 $ $43,000$ Liabilities $ $49,500$

Drawdy, loan $28,000$ Langston, loan $33,000$

Noncash assets $196,000$ Drawdy, capital $(40\%)88,000$

Langston, capital $(30\%)73,000$

Pearl, capital $(30\%)23,500$

Total assets $ $267,000$ Total liabilities and capital $ $267,000$

The firm sells the noncash assets for $$143,000$; it will use $$38,000$ 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 $ $43,000$ Liabilities $ $49,500$

Drawdy, loan $28,000$ Langston, loan $33,000$

Noncash assets $196,000$ Drawdy, capital $88,000$

Langston, capital $73,000$

Pearl, capital $23,500$

Total assets $ $267,000$ Total liabilities and capital $ $267,000$

The firm sells the noncash assets for $$143,000$; it will use $$29,000$ 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 $29,000$

Krups, capital $(30\%$ of profits and losses$)(66,000)$ deficit

Lindau, capital $(30\%)(53,000)$ deficit

Riedel, capital $(20\%)38,000$

Schnee, capital $(20\%)43,000$ The firm sells the noncash assets for $$143,000$; it will use $$38,000$ 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:

The firm sells the noncash assets for $$143,000$; it will use $$29,000$ 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.

Complete this question by entering your answers in the tabs below.

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

Part B

Part C

Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless ot that all solvent partners will reimburse the partnership for their deficit capital balances.

Note: Do not round intermediate calculations. Round the final answers to nearest dollar amounts.

$\backslash$table$[[,\backslash$table$[[$Drawdy$,$ Loan$],[$and Capital$]],\backslash$table$[[$Langston$,],[$Loan and$],[$Capital$]],\backslash$table$[[$Pearl$,],[$Capital$]]],[$Beginning balances,,,$],[$Loss on disposal,,,$],[$Liquidation expenses,,,$],[$Capital balances,,,$],[$Allocation of deficit balance,,,$],[$Final distribution,,,$]]$

$1\backslash$table$[[$Part A$,$Part B $,$ Part C$]]$

Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless that all solvent partners will reimburse the partnership for their deficit capital balances.

$\backslash$table$[[,\backslash$table$[[$Drawdy$,],[$Loan and$],[$Capital$]],\backslash$table$[[$Langston$,],[$Loan and$],[$Capital$]],\backslash$table$[[$Pearl$,],[$Capital$]]],[$Beginning balances,,,$],[$Loss on disposal,,,$],[$Liquidation expenses,,,$],[$Capital balances,Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless otherwise sta

that all solvent partners will reimburse the partnership for their deficit capital balance