The following information concerns two different partnerships. These problems should be viewed as independent situations. (Do not round intermediate calculations.) Part A The partnership of Ross, Milburn, and Thomas has the following account balances: Cash Noncash assets $ 50,000 Liabilities 111,000 Ross, capital Milburn, capital Thomas, capital $ 14,000 78,000 (9,000) (deficit) 78,000 This partnership is being liquidated. Ross and Milburn are each entitled to 40 percent of all profits and losses with the remaining 20 percent to Thomas. a. What is the maximum amount that Milburn might have to contribute to this partnership because of the deficit capital balance? Maximum amount b. To whom should the $36,000 cash that is presently available in excess of liabilities be distributed? 9 000 Ross Milburn Thomas C. If the noncash assets are sold for a total of $45,000, what is the minimum amount of cash that Thomas could receive? Minimum amount Part B The partnership of Sampson, Klingon, Carton, and Romulan is being liquidated. It currently holds cash of $18,000 but no other assets. Liabilities amount to $37,000. The capital balances are as follows: Sampson Klingon Carton Romulan $ 18,000 (26,000) 5,000 (16,000) Profits and losses are allocated on the following basis: Sampson, 40 percent, Klingon, 20 percent, Carton, 20 percent, and Romulan, 20 percent. a. If both Klingon and Romulan are personally insolvent, how much money must Carton contribute to this partnership? Carton's contribution b-1. If only Romulan is personally insolvent, how much money must Klingon contribute? Klingon's contribution b-2. If only Romulan is personally insolvent, how will Klingon's contribution (funds) be disbursed? Creditors Sampson Carton c. If only Klingon is personally insolvent, how much money should Sampson receive from the liquidation? Sampson should receive