On January 1, 20x7, partners Munther, Nabil, and Omar, who share profits and losses in the ratio of 2:3:5. decided to liquidate their partnership. On this date, its condensed balance sheet was as follows: ASSETS LIABILITIES & EQUITY Cash $ 60,000 80,000 Other Assets $50,000 Liabilities 250,000 Munther, Capital Nabil, Capital Omar, Capital $ 300,000 Total 90,000 70,000 Total $ 300,000 On January 15, 20x7, the first cash sale of other assets with a carrying amount of $150,000 realized $120,000. Safe installment payments to the partners were made on the same date. How much cash should be distributed to partner Nabil O a. $56,000 O b. $60,000 O c. $46,800 O d. $42,000 On January 1, 20x7, partners Munther, Nabil, and Omar, who share profits and losses in the ratio of 2:3:5. decided to liquidate their partnership. On this date, its condensed balance sheet was as follows: ASSETS LIABILITIES & EQUITY Cash $ 60,000 80,000 Other Assets $50,000 Liabilities 250,000 Munther, Capital Nabil, Capital Omar, Capital $ 300,000 Total 90,000 70,000 Total $ 300,000 On January 15, 20x7, the first cash sale of other assets with a carrying amount of $150,000 realized $120,000. Safe installment payments to the partners were made on the same date. How much cash should be distributed to partner Nabil O a. $56,000 O b. $60,000 O c. $46,800 O d. $42,000