The highly successful law firm of Lie, Cheet and Steele has been serving clients for 40 years but now it is ending as the 3 lawyers are retiring. On January 1, 2022 Lie, Cheet, and Steele have the following balance sheet:

	Cash	$40,000		a/p	200000
	a/r	$90,000		notes payable	100000
	equipment	$150,000
	Land	$300,000		total liabilities:	300000
	building	$200,000
				Lie Capital	100000
total assets		$780,000		Cheet Capital	80000
				Steele Capital	600000

Lie Cheet and Steele distribute profits and losses Lie: 30% Cheet 45% and Steele 25%. On May 31st the partnership sold the building for $111,000 and paid off the note and accounts payable.

1) If all partners are insolvent, how is the final distribution of net partnership assets distributed?

2) If all partners are solvent, how much does each partner contribute or collect as the partnership is dissolved?