Liquidating Partnerships

Prior to liquidating their partnership, Fowler and Brooks had capital accounts of $27,000 and $43,000, 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 $79,000. The partnership had $3,000 of liabilities. Fowler and Brooks share income and losses equally.

Determine the amount received by Fowler as a final distribution from liquidation of the partnership.