The following account balances were available for the Linda, Josh, and Rachel partnership just before it entered liquidation:

Cash $90,000 Liabilities $ 170,000

Noncash assets 300,000 Linda, capital 70,000

Josh, capital 50,000

Rachel, capital 100,000

Total $390,000 Total $390,000

Included in Lindas Capital account balance is a $20,000 partnership loan owed to Linda. Linda, Josh, and Rachel shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000. All partners were insolvent.

For what amount would noncash assets need to be sold to generate enough cash in order that at least one partner would receive some cash upon liquidation?

Any amount in excess of $185,000.

Any amount in excess of $170,000.

Any amount in excess of $165,000.

Any amount in excess of $95,000.

Any amount in excess of $90,000.