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The following condensed balance sheet is presented for the partnership of A, B, and C who share profits and losses in the ratio of 4:3:3,

The following condensed balance sheet is presented for the partnership of A, B, and C who share profits and losses in the ratio of 4:3:3, respectively.

Cash 100,000
Other Assets 300,000
TOTAL ASSETS 400,000
Liabilities 150,000
A, Capital 40,000
B, Capital 180,000
C, Capital 30,000
TOTAL LIABILITIES AND CAPITAL 400,000

The Partners agreed to dissolve the partnership after selling the other assets for $200,000. Upon dissolution of the partnership, how much should each partner receive?

(Show Calculations)

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