The partnership of Hendrick, Mitchum, and Redding has the following account balances:

          Cash 51,000   Liabilities 41,000 Noncash assets 150,000   Hendrick, capital 119,000       Mitchum, capital 85,000       Redding, capital (44,000)

 

This partnership is being liquidated. Hendrick and Mitchum are each entitled to 40 percent of all profits and losses with the remaining 20 percent going to Redding.

1. How should the $10,000 cash that is presently available in excess of liabilities be distributed?