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The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership's liquidation cash, $22,700; other assets, $145,200; abilities, $39,400; Morgan, capital,

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The balance sheet of Morgan and Rockwell was as follows immediately prior to the partnership's liquidation cash, $22,700; other assets, $145,200; abilities, $39,400; Morgan, capital, $56,800; Rockwell, capital, $71,700. The other assets were sold for 5129,600. Morgan and Rockwell share profits and losses in a 2:1 ratio. As a final cash distribution from the liquidation, Morgan will receive cash totaling a. SI5.135 b. $4,400 c. $22.700 d. 556.00

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