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Sammy, Davis, and Junior are in the process of liquidating their partnership. They share profits and losses in a 4:3:1 ratio. Following is the current

Sammy, Davis, and Junior are in the process of liquidating their partnership. They share profits and losses in a 4:3:1 ratio. Following is the current balance sheet for the partnership:

Cash $290,000 Liabilities $65,000
Other assets 335,000 Sammy, capital 100,000
Davis, capital 400,000
Junior, capital 60,000
Total assets $625,000 Total liabilities and capital $625,000

If the other assets are sold for $320,000 calculate the amount that will be received by each of the partners upon the liquidation of the partnership.

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