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Required information

$[$The following information applies to the questions displayed below.$]$

The partnership of Garcia, Iglesias, and Kassabian was formed several years ago as a local tax preparation firm. Two partners have reached retirement age, and the partners have decided to terminate operations and liquidate the business. Liquidation expenses of $$44,000$ are expected. The partnership balance sheet at the start of liquidation is as follows:

$\backslash$table$[[$Cash$,$$$40,000,$Liabilities,$$180,000$

Required information

$\backslash$table$[[$A$,1,$Cash,$,68,400,],[,,$Garcia, capital,$,7,600,],[,,$Iglesias, capital,grad,,$76,000$