The following balance sheet is for a local partnership in which the partners have become very unhappy with each other Cash $ 42,000 Liabilities $ 32,000 Land 140,000 Adams, capital 85,000 Building 130,000 Baker, capital 36,000 Carvil, capital 64,000 Dobbs, capital 95,000 Total assets $312,000 Total liabilities and capital $312,000 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 a The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately If profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 2 3 3 2 basis, respectively, how will the $10,000 be divided (Leave no cells blank be certain to enter 0 wherever required ) Adams $ Baker $ Carvil $ Dobbs $ 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 (Leave no cells blank be certain to enter 0 wherever required ) Adams $ Baker $ Carvil $ Dobbs $ c The building is immediately sold for $72,000 to give total cash of $114,000 The liabilities are then paid, leaving a cash balance of $82,000 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 (Leave no cells blank be certain to enter 0 wherever required Do not round intermediate calculations Round your answers to the nearest dollar amount ) Adams $ Baker $ Carvil $ Dobbs $ d Assume that profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1 3 4 2 basis, respectively How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion (Do not round intermediate calculations ) Minimum amount $

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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 $ 42,000 Liabilities $

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


Cash	$ 42,000	Liabilities	$ 32,000
Land	140,000	Adams, capital	85,000
Building	130,000	Baker, capital	36,000
		Carvil, capital	64,000
		Dobbs, capital	95,000

Total assets	$312,000	Total liabilities and capital	$312,000

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.

a.	The $10,000 cash that exceeds the partnership liabilities is to be disbursed immediately. If profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 2:3:3:2 basis, respectively, how will the $10,000 be divided? (Leave no cells blank - be certain to enter "0" wherever required.)


Adams	$
Baker	$
Carvil	$
Dobbs	$

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? (Leave no cells blank - be certain to enter "0" wherever required.)


Adams	$
Baker	$
Carvil	$
Dobbs	$

The building is immediately sold for $72,000 to give total cash of $114,000. The liabilities are then paid, leaving a cash balance of $82,000. 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? (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to the nearest dollar amount.)


Adams	$
Baker	$
Carvil	$
Dobbs	$

d.	Assume that profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:4:2 basis, respectively. How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion? (Do not round intermediate calculations.)

Minimum amount