Milena Weintraub and Larry Griffith were the sole shareholders in Grand Casino, Inc., which operated a casino in South Dakota. Griffith owned 51% of the stock and Weintraub 49%. Weintraub managed the casino, which Griffith visited once a week. At the end of 2020, an audit showed that the cash on hand was less than the amount posted in the casinos books. Later, more shortfalls were discovered. In October 2022, Griffith did a complete audit. Weintraub was unable to account for $200,500 in missing cash. Griffith then took all of the casinos most recent profits, including Weintraubs $90,447 share, and, without telling Weintraub, sold the casino for $400,000 and kept all of the proceeds. Weintraub filed a suit against Griffith, asserting a breach of fiduciary duty. Griffith countered with evidence of Weintraubs misappropriation of corporate cash.

It was determined Griffith owed $58,447.20 to Weintraub for his 49 percent share of the proceeds from the casinos sale and its profits. Weintraub owed Griffith $68,850 as his share of the cash that Weintraub took from the casino.

How was this agreement reached? Show the steps which led to these numbers. Were the numbers correct? If not, what are the correct amounts?