On December 1, 20X9, the partners of Tim, Williams, and Levin, who share profits and losses in the ratio of 4:4:2, decided to liquidate their partnership. On this date the partnership condensed balance sheet was as follows:

On December 11, 20X9, the first cash sale of other assets with a carrying amount of $200,000 realized $140,000. Safe installment payments to the partners were made on the same date. How much cash should be distributed to each partner??

$90,000 100,000 120,000 90,000 $400,000 Cash Other Assets $100,000 Liabilities 300,000 Tim, Capital William, Capital Levin, Capital Total $400,000 Total