The following account balances were available for the Perry, Quincy, and Renquist partnership just before it entered liquidation: Cash 90,000 Liabilities 170,000 Non cash assets 300,000 Perry Capital 70,000 Quincy's Capital 50,000 Renquist Capital 100,000 total 390,000 390,000 Inlcuded in Perry's capital balance is a $20,000 partnership loan owed to Perry. Perry, Quincy, and Renquist shared profits and losses in a ratio of 2:4:4. Liquidation expenses were expected to be $15,000. All partners were solvent