The Calvin, Hobbes, and Watterson partnership began the process of liquidation with the following balance sheet: Cash Noncash Assets 16,000 434,000 Liabilities Calvin, Capital Hobbes, Capital Watterson, Capital 150,000 80,000 90,000 130,000 450,000 Total 450,000, Calvin, Hobbes, and Watterson 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, Watterson had a deficit of $8,000. For what amount were the noncash assets sold? [7 points)