Liquidating Partnerships Prior to liquidating their partnership, Ellis and Dunn had capital accounts of $24,000 and $44,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $60,000. The partnership had $2,000 of liabilities. Ellis and Dunn share income and losses equally. Determine the amount received by Ellis as a final distribution from liquidation of the partnership. $ Partner Bonus Blair has a capital balance of $113,000 after adjusting assets to fair market value. Rojas contributes $61,000 to receive a 35% interest in a new partnership with Blair. Determine the amount and recipient of the partner bonus. Amount of bonus Recipient of bonus