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please answer and show work. thanks! Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $32,640,$29,760, and $26,880, respectively. Noncash assets
please answer and show work.thanks! Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $32,640,$29,760, and $26,880, respectively. Noncash assets are sold at a gain and allocated to the partners. After creditors are paid, $98,890 of cash is available for distribution to the partners. How much cash should be paid to Madson? Cash $
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