the keaton, lewis and meador partnership had the following balance sheet just before entering liquidation: cash 10,000; non cash assets 300,000; liabilities 130,000; keaton capital 60,000; lewis capital 40,000; meador capital 80,000.

keaton, lewis and meador share profits and losses in ratio of 2:4:4. non-cash assets were sold for 180,000. liquidation expenses were 10,000. assume that keaton was personally insolvent with assets of 8,000 and liabilities of 60,000. lewis and meador were both solvent and able to cover deificits in their accounts, if any.

1. what is the share of keaton on the gain/ loss on realization of non cash assets?
2. what is the share of lewis on the gain/ loss on realization of non cash assets?
3. what amount will be distributed to keaton upon liquidation of the partnership?
4. how much cash should lewis contribute to cover his capital deficiency?
5. what amount will be distributed to meador upon liquidation of the partnership?