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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 $ 62,000 Liabilities $

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

Cash $ 62,000 Liabilities $ 52,000
Land 240,000 Adams, capital 157,500
Building 230,000 Baker, capital 51,000
Carvil, capital 104,000
Dobbs, capital 167,500
Total assets $532,000 Total liabilities and capital $532,000
The building is immediately sold for $142,000 to give total cash of $204,000. The liabilities are then paid, leaving a cash balance of $152,000. 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

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