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The balance sheet for the Delphine, Xavier, and Olivier partnership follows: Cash $ 73,680 Liabilities $ 49,500 Noncash assets 138,000 Delphine, capital 63,240 Xavier, capital

The balance sheet for the Delphine, Xavier, and Olivier partnership follows:

Cash $ 73,680 Liabilities $ 49,500
Noncash assets 138,000 Delphine, capital 63,240
Xavier, capital 59,000
Olivier, capital 39,940
Total assets $ 211,680 Total liabilities and capital $ 211,680

Delphine, Xavier, and Olivier share profits and losses in the ratio of 3:4:3, respectively. The partners have agreed to terminate the business and estimate that $15,800 in liquidation expenses will be incurred.

  1. What is the amount of cash that safely can be paid to partners prior to liquidation of noncash assets?
  2. Calculate the amount of safe payment that can be made to each partner prior to liquidation of noncash assets.

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