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The following condensed balance sheet is for Alexander, Bell & Corbin LLP, whose partners share net income and losses in a 3:1:1 ratio, respectively: cash

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The following condensed balance sheet is for Alexander, Bell & Corbin LLP, whose partners share net income and losses in a 3:1:1 ratio, respectively: cash $80,000 Other assets 280,000 Total $360,000 Liabilities $140,000 Alexander, capital 100,000 Bell, capital 100,000 Corbin, capital 20,000 Total $360.000 The partners agreed to liquidate the partnership after realization of the other assets. The partners had no net personal assets. The amount of cash that Alexander receives if the other assets realize $160,000 is: $25,000 $26,000 $28,000 $100,000 Some other amount

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