Partners A, BC, and DEF share profits 4:3:1. The partners decide to liquidate the partnership, and the b/s at this time is

Assets: Cash = 20,000; Inventory = 42,000; A/R = 80,000; loan to BC = 10,000; Equipment = 60,000

Liabilities: A/P = 52,000; N/Payable from A = 5,000

Capital: A = 70,000; BC = 25,000; DEF = 60,000

The partners collect all A/R except for 10,000, sell inventory for $20,000, and receive 50,000 for the equipment. They then pay creditors, and finally partners.

How much is the distribution to each partner? Assume the partners are personally insolvent.

		A = 48,400; BC = 0; DEF = 54,600
		A = 51,500; BC = 38,625; DEF = 12,875
		A = 75,000; BC = 15,000; DEF = 60,000
		A = 82,400; BC = 0; DEF = 20,600