The Keaton, Lewis, and Meador partnership had the following balance sheet just before entering liquidation:

Cash	$	100,000		Liabilities	$	40,000
Noncash assets		210,000		Keaton, Capital		90,000
				Lewis, Capital		60,000
				Meador, Capital		120,000
Total	$	310,000		Total	$	310,000

Keaton, Lewis, and Meador share profits and losses in a ratio of 2:4:4.

Assume that noncash assets were sold for $58,000 and liquidation expenses in the amount of $10,000 were incurred. If Lewis was personally insolvent and could not contribute any assets to the partnership, and Keaton and Meador were both solvent, what amount of cash would Keaton receive from the distribution of partnership assets?

Multiple Choice

• $0.

• $56,000.

• $57,600.

• $59,600.

• $60,000.