On January 1, 20x1, the partners of ABC Co. decided to liquidate their partnership on installment basis. Distributions to partners shall be made as cash becomes available. The following information was made available:

	Dr.	Cr.
Cash	80,000
Accounts receivable	240,000
Receivable from C	40,000
Inventory	480,000
Equipment	1,200,000
Accounts payable		120,000
Payable to B		80,000
A, Capital (20%)		400,000
A, Drawings	80,000
B, Capital (30%)		600,000
C, Capital (50%)		800,000
C, Drawings		120,000
Totals	2,120,000	2,120,000

During January, non-cash assets with carrying amount of 520,000 were sold for 240,000. The cost of disposal was 80,000. All of the partners are personally insolvent. How much did B receive in the partial settlement of his capital account?

a. 32,000 c. 140,000

b. 120,000 d. 0