Problem 15-17 (LO 15-5)

The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

Cash $ 41,000 Liabilities $ 69,000

Other assets 141,000 Miller, capital 51,000

Total assets $ 182,000 Tyson, capital 51,000

Watson, capital 11,000

Total liabilities and capital $ 182,000

For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?