THE PARTNERSHIP OF LIONS, TIGERS AND BEARS HAS BEEN EXISTED SINCE 1945, BUT NOW THEY HAVE DECIDED TO DISSOLVE THE PARTNERSHIP. PARTNERS SHARE PROFITS AND LOSSES EQUALLY.

THEIR JANUARY 1, 2016 BALANCE SHEET IS PRESENTED BELOW:

CASH	50000
ACCOUNTS RECEIVABLE	100000
LAND	200000
EQUIPMENT NET	200000
PATENT	100000
TOTAL ASSETS	650000
ACCOUNTS PAYABLE	300,000
LIONS CAPITAL	200000
TIGERS' CAPITAL	120,000
BEAR'S CAPITAL	30000

REQUIRED:

A) ON JANUARY 1 WHAT IF ANY SAFE PAYMENTS CAN EACH OF THE PARTNERS TAKE?

B) ON JANUARY 30TH THEY SOLD THE LAND FOR $120,000. IF NO PARTNERS TOOK ANY SAFE PAYMENTS ON JANUARY 1ST WHAT SAFE PAYMENTS CAN EACH TAKE NOW?

C) ON FEBRUARY 28TH THE PARTNERSHIP SOLD THE RECEIVABLES FOR $90,000. IF SHE COULD, TIGERS WOULD HAVE TAKEN A SAFE PAYMENT AT THE END OF JANUARY. WHAT SAFE PAYMENTS CAN EACH PARTNER NOW TAKE?

D) ON MARCH 31ST THE PARTNERSHIP SOLD THE PATENT FOR $80,000. IF SHE COULD TIGERS WOULD HAVE TAKEN ANY A SAFE PAYMENT AT THE END OF FEBRUARY. ON MARCH 31 WHAT CAN EACH PARTNER TAKE AS A SAFE PAYMENT?

E) ON APRIL 30TH THE PARTNERSHIP SELLS THE EQUIPMENT FOR $10,000 AND PAYS OFF THE ACCOUNTS PAYABLE. IF ALL PARTNERS ARE INSOLVENT, HOW MUCH DOES EACH PARTNER GET AT THE END OF THE PARTNERSHIP?

F) USING THE INFORMATION FROM E): IF ANY ALL PARTNERS ARE SOLVENT AND CAN COVER ANY DEBTS HOW MUCH DOES EACH PARTNER RECEIVE OR PAY AT LIQUIDATION?