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The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,600 but no other assets. Liabilities amount to $37,000.

The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,600 but no other assets. Liabilities amount to $37,000. The capital balances are Anderson (40% of profits and losses) $ 33,600 Berry (20%) 16,000 Hammond (20%) (30,000 ) (deficit) Winwood (20%) (36,000 ) (deficit) a. If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership? b-1. If only Winwood is personally insolvent, how much money must Hammond contribute? b-2. If only Winwood is personally insolvent, how will Hammond's contribution (funds) be disbursed? c. If only Hammond is personally insolvent, how much money should Anderson receive from the liquidation?

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