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The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. Cash 40,000 Liabilities 30,000 Land

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

Cash 40,000 Liabilities 30,000
Land 130,000 Adams, Capital 80,000
Building 120,000 Baker, Capital 30,000
Carvil, Capital 60,000
Dobbs, Capital 90,000
Total Assets 290,000 Total Liab & Cap 290,000

To avoid more conflict, the partners have decided to cease operations and sell all assets. Using this information, answer the following question.

Please help me with the following question:

b. The $ 10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated on a 2: 2: 3: 3 basis, respectively, how will the $ 10,000 be divided?

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