The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: cash 90000 liabilities 60000

Noncash assets 300000 Henry capital 80000

Isaac capital 110000

Jacobs capital 140000

Total 390000 Total 390000 Estimated expenses of liquidation were $5,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4.

Before Liquidating any assets, the partners determined the amount of cash for safe payments and distributed it. The noncash asets were then sold for $120,000 and the liquidation expenses of $5,000 were paid. How much of the $120,000 would be distributed to the partners? (Hint Either a predistribution plan or a schedule of safe payments would be appropriate for solving this item.)