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 $ 65,000 Liabilities $ 43,000 Other assets 162,000 Miller, capital 81,000 Tyson, capital 81,000 Watson, capital 22,000 Total assets $ 227,000 Total liabilities and capital $ 227,000 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?

Assuming no liquidation expenses, calculate the safe payments that can be made to partners at this point in time.

	Miller	Tyson	Watson
Safe payments