Part D

Following the liquidation of all noncash assets, the partnership of Krups, Lindau, Riedel, and Schnee has the following account balances. Krups is personally insolvent.

$\backslash$table$[[$Liabilities$,$$$9,000,],[$Krups$,$ loan,$20,000,],[$Krups$,$ capital of profits and losses$),(48,000),$deficit$],[$Lindau$,$ capital $(30\%),(44,000),$deficit$],[$Riedel$,$ capital $(20\%),29,000,],[$Schnee$,$ capital $(20\%),34,000,]]$

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Indicate the cash distribution to be made to partners at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances. Note: Do not round intermediate calculations. Round the final answer to nearest dollar amounts.

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$\backslash$table$[[$Beginning balances,$\backslash$table$[[$Krups$,$ Loan$],[$and Capital$]],\backslash$table$[[$Lindau$,],[$Capital$]],\backslash$table$[[$Riedel$,],[$Capital$]],\backslash$table$[[$Schnee$,],[$Capital$]]],[$$$,(28,000),$$$,(44,000),$$$,29,000,$$$,34,000],[$Allocation of deficit balance,,$28,000,,,,,,],[$Capital balances,$$,0,$$$,(44,000),$$$,29,000,$$$,34,000],[$Contribution by partner,,$0,,,,0,,0],[$Final distribution,$$,0,$$$,(44,000),$$$,29,000,$$$,34,000]]$