Simon, Theodore, and Alvin decide to liquidate their partnership. The partnership agreement provides for profit/(loss) to be allocated on a 45:30:25 ratio. Below is the trial balance immediately prior to the liquidation. Referring to the information above. The non-cash assets were sold for $22,000 and all liabilities and loans were paid in full. While Simon and Theodore are solvent, Alvin is insolvent (i.e., he will NOT be able to cover any deficit; the remaining partners will absorb it). What would be the dollar amount distributed to Simon? Question 1 options: a) $17,100 b) $16,400 c) $15,650 d) $14,600

Simon, Theodore, and Alvin decide to liquidate their partnership. The partnership agreement provides for profit/(loss) to be allocated on a 45:30:25 ratio. Relow is the trial halance immediatelv nrior to the liduidation. Referring to the information above. The non-cash assets were sold for $22,000 and all liabilities and loans were paid in full. While Simon and Theodore are solvent, Alvin is insolvent (i.e., he will NOT be able to cover any deficit; the remaining partners will absorb it). What would be the dollar amount distributed to Simon? a) $17,100 b) $16,400 C) $15,650 d) $14.600