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. Assuming noncash assets were sold for $70,000 and liquidation expenses in the amount of $18,500 were incurred, how much will each partner receive in the liquidation? A) . C) D E) Keller $14,000 $37,000 $63,833 $ $57,833 Long $28,000 $74,000 $ 0 $ 0 $12,000 Mason $ 28,000 $ 74,000 $ 57,667 $121,500 $ 51,667