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

Cash	$ 45,000		Liabilities	$ 35,000
Land	155,000		Adams, capital	97,000
Building	145,000		Baker, capital	36,000
			Carvil, capital	70,000
			Dobbs, capital	107,000
Total assets	$345,000		Total liabilities and capital	$345,000
c.The building is immediately sold for $75,000 to give total cash of $120,000. The liabilities are then paid, leaving a cash balance of $85,000. 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?