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The balance sheet of the XYZ Partnership appears as follows: Cash Loan receivable-X Other assets Total $ 40,000 Loan payable-Z $ 20,000 30,000 Other liabilities

The balance sheet of the XYZ Partnership appears as follows: Cash Loan receivable-X Other assets Total $ 40,000 Loan payable-Z $ 20,000 30,000 Other liabilities 110,000 450,000 Capital: X 50,000 Y 260,000 Z 80.000 $520,000 Total $520,000 The partners share income in a 2:5:3 ratio. The other assets are sold for $150,000, and no other capital is contributed by any of the partners. Question 24 (9 points) How much total cash will be distributed to partner X? a) $0 b) $10,000 C

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