Liquidating Partnerships Prior to liquidating their partnership, Todd and Montgomery had capital accounts of $51,000 and $75,000, 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 $111,000. The partnership had $5,000 of liabilities. Todd and Montgomery share income and losses equally. Determine the amount received by Todd as a final distribution from liquidation of the partnership.