Monica and Sabrina have operated an accounting partnership for the past decade in Biloxi, but now want to retire to pursue other activities. Their partnership balance sheet is presented below:

Assets
Cash	200,000
Receivables	300,000
Equipment	150,000
Building and Land	250,000
Total Assets	900,000
Liabilities	200,000
Capital: Monica	300,000
Capital: Sabrina	400,000
Total Liabilities and Equity	900,000

Assume that Monica and Sabrina have 60% and 40% P&L ratios. if the non-cash assets of the partnership are sold to Shasta for $600,000, how much cash should be distributed to Monica and Sabrina?

Select one:

a. Monica gets $240,000 and Sabrina gets $360,000

b. Monica gets $300,000 and Sabrina gets $400,000

c. Monica gets $340,000 and Sabrina gets $460,000

d. Monica gets $300,000 and Sabrina gets $300,000

e. None of the Above