The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet:

Cash 16,000

Noncash asset 434,000

Total- 450,000

Liability-150000

Abrams-80,000

Bartle- 90,000

Creighton-130,000

total- 450,000 Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000.

After the liquidation expenses of $12,000 were paid and the noncash assets sold, Creighton had a deficit of $8,000. For what amount were the noncash assets sold? Show your work.