Question 2 of 2 View Policies < > 0/100 Show Attempt History Current Attempt in Progress The Cullumber Company at December 31 has the following account balances. Item Cash THE CULLUMBER COMPANY Noncash Assets = Liabilities + Mark, Capital + George, Capital Balances before liquidation $16,500 $121,000 (a) $66,000 $44,000 $27,500 * Your answer is incorrect. Cash of $121,000 is received for the noncash assets. Mark's and George's profit and loss ratios are 60% and 40%, respectively. Calculate how much cash each partner will receive on the liquidation of the partnership assuming any deficiencies are paid by the partners. Mark, Capital George, Capital ribution of cash to partners $ 72,600 $ 48,400 Total 121,000