QUESTION] 28. Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account balances; $24,000, $24,000, and

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QUESTION] 28. Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account balances; $24,000, $24,000, and ($9,000) respectively. The partners share all profits and losses 16%, 48%, and 36%, respectively. Sandy has indicated that the ($9,000) deficit have requested an immediate distribution of $20,000 in cash that is available. How should this cash be distributed? A) Harding $5,000; Jones $15,000. B) Harding $17,000; Jones $3,000. C) Harding $11,154; Jones $8,846. D) Harding $14,297; Jones $5,703. E) Harding $12,500; Jones $7,500 will be covered with a forthcoming contribution. The remaining partners

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