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

Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $3,000. The noncash assets were sold for $200,000.

Which partner(s) would be required to contribute assets to the partnership to cover a deficit in his or her capital account? Calculate the safe payments for the remaining partner (s) i.e. those with non-deficit balances.

Cash Noncash assets 10,000 450,000 Liabilities Abrams, capital Bartle, capital Creighton, capital Total 150,000 100,000 120,000 90,000 460,000 Total 460,000