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Incorrect answer icon Your answer is incorrect. Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger, Noble, and

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Your answer is incorrect.

Use the following account balance information for Granobfin Partnership with income ratios of 2:4:4 for Granger, Noble, and Finn, respectively.

AssetsLiabilities and Owner's EquityCash$52400Accounts payable$125300AccountsGranger, Capital137600receivable132300Noble, Capital48300Inventory438000Finn, Capital311500$622700

$622700

Assume that, as part of liquidation proceedings, Granobfin sells its noncash assets for $360600. As a result, one of the partners has a capital deficiency which that partner decides not to repay. The amount of cash that would ultimately be distributed to Finn would be

$227620.

$311500.

$203900.

$143600.

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