Partner Bonus Burns has a capital balance of $84,000 after adjusting assets to fair market value. Murray contributes $49,000 to receive a 30% interest in a new partnership with Burns. Determine the amount and recipient of the partner bonus. Amount of bonus Recipient of bonus Burns Murray Liquidating Partnerships Prior to liquidating their partnership, MacPherson and Ericson had capital accounts of $58,000 and $114,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $150,000. The partnership had $5,000 of liabilities. MacPherson and Ericson share income and losses equally. Determine the amount received by MacPherson as a final distribution from liquidation of the partnership. $ Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Jolly and Russo had capital accounts of $13,000 and $46,000, respectively. The partnership assets were sold for $23,000. The partnership had no liabilities. Jolly and Russo share income and losses equally. Required: a. Determine the amount of Jolly's deficiency. b. Determine the amount distributed to Russo, assuming Jolly is unable to satisfy the deficiency