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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses In the ratio of 6:2:2, respectively:

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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses In the ratio of 6:2:2, respectively: Cash Other assets $ 43,000 103,888 Liabilities Miller, capital Tyson, capital Watson, capital Total liabilities and capital $ 25,000 54,888 54,800 13,880 $ 146,000 Total assets $ 146,880 a. Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. b. For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. Miller Tyson Watson Safe payments 90,000 $ 270,000 $ 65,000 S a. Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time. b. For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation? Other assets must be sold

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