Fred, Ethel, and Lucy have decided to liquidate their partnership. Account balances on January 1, 2021 are as follows: Cash 120,000 Accounts Payable 40,000 Other assets 120,000 Fred Capital (30%) 85,000 240,000 Ethel Capital (30%) 25,000 Lucy Capital (40%) 90,000 240,000 The partners agree to keep a $10,000 contingency fund and to distribute available cash immediately. 1) Compute the amount of cash that should be paid to Fred 2) Compute the amount of cash that should be paid to Ethel 3) Compute the amount of cash that should be paid to Lucy