The following balance sheet is for a local partnership in which the partners have become very unhappy with each other.

Cash $ 53,000 Liabilities $ 43,000 Land 195,000 Adams, capital 124,500 Building 185,000 Baker, capital 45,000 Carvil, capital 86,000 Dobbs, capital 134,500

Total assets $433,000 Total liabilities and capital $433,000

To avoid more conflict, the partners have decided to cease operations and sell all assets. Using this information, answer the following questions. Each question should be viewed as an independent situation related to the partnerships liquidation.

c. The building is immediately sold for $98,000 to give total cash of $151,000. The liabilities are then paid, leaving a cash balance of $108,000. This cash is to be distributed to the partners. How much of this money will each partner receive if profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:3:3 basis, respectively? (Do not round intermediate calculations.)

ANW

Adams____?_____

Baker___0_____

Carvil__0______

Dobbs___?_____