The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. Cash $ 63,000 Liabilities $ 53,000 Land 245,000 Adams, capital 161,500 Building 235,000 Baker, capital 51,000 Carvil, capital 106,000 Dobbs, capital 171,500 Total assets $543,000 Total liabilities and capital $543,000 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 $143.000 to give total cash of $206.000. The liabilities are then paid leaving a cash balance of $153,000. 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 1:33:3 basis, respectively? (Do not round intermediate calculations Answer is complete but not entirely correct 6,100X Adams 18,300X Baker 18,300X Carl 18,300X Dobbs d. Assume that profits and losses are allocated to Adams, Baker, Carv and Dobbs on a 13:4:2 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.) Answer is complete but not entirely correct Minimum amount of sale value 265,000X