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Partners Eric and Jeremy each have $7,000 capital balances and share income and losses in a 2:1 ratio for Eric and Jeremy, respectively. Cash equals

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Partners Eric and Jeremy each have $7,000 capital balances and share income and losses in a 2:1 ratio for Eric and Jeremy, respectively. Cash equals $3,000, noncash assets are $16,000, and liabilities are $5,000. If all the noncash assets are sold for $2,000, and each partner is personally insolvent, Jeremy eventually will receive cash of: $0. O $6,000 O $4,667 $12.000

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