Lump-Sum Liquidation Three university students, Cho, Kenney, and Martinez, operated a successful business, renting furniture and appliances to students residing in dormitories and off-campus apartments. The three are now graduating and wish to sell the business before beginning their respective careers. They shared profits in a 7:5:4 ratio. The partnership's current balance sheet is as follows: Cash Receivables Loan receivable-Cho $6,000 Accounts payable $60,000 25.000 Loan payable-Kenney 10,000 15,000 Capital cho 27.000 28,000 61,000 Rental equipment, net 140,000 Capital-Kenney Total assets Capital-Martinez $186,000 Total liabilities and capital $186,000 Another student group, organized as a corporation, wants to buy the business. Their offer of $105.000 for the equipment and $12,000 for the receivables is accepted. After receipt of the $117,000, the liabilities are paid and the partnership is liquidated. Required How much does each partner receive? Cash Distribution Cho $ Kenney $ Martinez $