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Helps A local partnership is liquidating and has only two assets (cash of $10,000 and land with a cost of $35,000) All partnership labitie have
Helps A local partnership is liquidating and has only two assets (cash of $10,000 and land with a cost of $35,000) All partnership labitie have been paid. All partners are personaly insolvent. The partners have capital balances and share profits and losses as follows 10 points Bron, capital (60) rish, capital (ey Stone, capitel (3x) s 25,000 15,e00 5,000 ettoos Prie a. f the land is sold for $25,000, how much cash does each partner recelve in a final settlement? b. If the land is sold for $15.000, how much cash does each partner receive in a final settlement? c If the land is sold for $5.000, how much cash does each partner receive in a final settlement? (Do not round intermediate calculations. Round the final answers to nearest dollar amounts.) Brown Fish Sto Cash dstrbulon a Cash dstribution Cash dstribusion
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