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The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: Estimated expenses of liquidation were $10,000. Henry, Isaac, and

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

liabilities 60000 Henry capital 80000 Isaac capital 110000 Jacobs capital 140000 Total 390000 90000 cash Noncash assets

Estimated expenses of liquidation
 were $10,000. 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 safe cash and distributed it. The noncash assets were then sold for $120,000, and the liquidation expenses of $10,000 were paid. How much of the $120,000 would be distributed to Henry?
 

cash 90000 liabilities 60000 Noncash assets 300000 Henry capital 80000 Isaac capital 110000 Jacobs capital 140000 Total 390000 Total 390000

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