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Required information A local partnership was in the process of liquidating and reported the following Capital account balances: Justice, capital (408 share of all profits

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Required information A local partnership was in the process of liquidating and reported the following Capital account balances: Justice, capital (408 share of all profits and losses) Lobart, capital (351) Douglass, capital (258) $ 23,000 22,000 (14,000) Douglass indicated that the $14.000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31000 that was then in the cash account How much of the $31000 in the cash account should Justice receive? $15,467. (0) $15,533. O $17,333 $16,533 $15,867

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