The Keller, Long, and Mason partnership had the following balance sheet just before entering liquidation: Cash Noncash assets $115,000 230,000 Liabilities Keller, Capital Long, Capital Mason, Capital Total $ 45,000 100,000 70,000 130,000 $345,000 Total $345,000 Keller, Long, and Mason share profits and losses in a ratio of 2:4:4. The partnership feels confident it will be able to eventually sell the noncash assets and wants to distribute some cash before paying liabilities. Assuming there will be no liquidation expenses, how much would each partner receive of a total $70,000 distribution of cash? A) B) C) D) E) Keller $46,667 $14,000 $30,000 $70,000 $15,000 Long $ 0 $28,000 $13,333 $ 0 $ 0 Mason $23,333 $28,000 $26,667 $ 0 $55,000 Multiple Choice Optionc Option D