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Michelangelo, Raphael, Leonardo, and Donatello have decided to terminate their partnership. The partnership's balance sheet at the time they decide to wind up is as
Michelangelo, Raphael, Leonardo, and Donatello have decided to terminate their partnership. The partnership's balance sheet at the time they decide to wind up is as follows: Cash $ 100, 000 Accounts payable $ 160, 000 Noncash Assets 300, 000 Michelangelo, Capital 25, 000 Raphael, Capital 110, 000 Leonardo, Capital 100, 000 Donatello, Capital 65, 000 $ 400, 000 Total $ 400, 000 During the winding up of the partnership, the other assets are sold for $150,000, and the accounts payable are paid. Michelangelo and Donatello are personally solvent, but Raphael and Leonardo are personally insolvent. The partners share profits and losses in the ratio of 3:2:1:4. Based on the preceding information, what amount will be paid out to Donatello upon liquidation of the partnership
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