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The partnership of Nouf (20%), Haya (40%), and Nora (40%) decide to liquidate their business. The ledger shows the following: Cash Account Payable 60,000 $140,000

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The partnership of Nouf (20%), Haya (40%), and Nora (40%) decide to liquidate their business. The ledger shows the following: Cash Account Payable 60,000 $140,000 60,000 Account receivable Loan from Frank 20,000 Inventories 85,000 Nouf capital 75,000 Plant assets.net 200,000 Loan to Nour 200,000 25,000 510,000 Haya capital Nora capital Total Total 155,000 510,000 Assume that: - the partnership does not sell the Inventories and Plant assets-net. - does not collect the account receivable. - Contingency fund - $5000. Which partner may have deficit and how much the deficit? Hayo (580000) Nout-($20000) Nora-($15000) .c None of the above .d

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