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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

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.

Liabilities $ 9,000
Krups, loan 9,000
Krups, capital (30% of profits and losses) (26,000 ) deficit
Lindau, capital (30%) (33,000 ) deficit
Riedel, capital (20%) 18,000
Schnee, capital (20%) 23,000

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. (Do not round intermediate calculations. Round the final answer to nearest dollar amounts.)

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