question 23

C and D share income in a 1:4 ratio, and have capital balances of $100,000 and $60,000 respectively. Book value of total assets is $300,000. Liabilities total $140,000. Sale of all assets results in total available cash of $180,000. The amount to be distributed to partner Cupon liquidation is: $40,000 $36.000 Os 8,000 $76,000