The following are the partners' capital balances and profit and loss sharing ratios of Adams & Company onJanuary 31, Year 9.

Jan. 31, Year 9

P&LCapital

Adams.40$120,000

Baur.2580,000

Chernier.2035,000

Decker.1560,000

$295,000

Required:

On January 31, Year 9, the partners decided to liquidate the partnership. Adams was given the responsibility of selling the assets, discharging the liabilities, and distributing cash to the partners as it became available.

The first distribution of cash was made in February Year 9, and Baur received $3,000 as her share. In March Year 9 an additional $40,000 was distributed to the partners. How much did each partner receive from the March distribution? Show all calculations.