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The partnership of Ramos, Rios, Safar, and Wong is being liquidated. It currently holds cash of $ 2 1 , 8 0 0 but no
The partnership of Ramos, Rios, Safar, and Wong is being liquidated. It currently holds cash of $ but no other assets. Liabilities amount to $ The capital balances are
tableRamos of profits and losses$Rios Safar deficitWong deficit
Required:
a If both Safar and Wong are personally insolvent, how much money must Rios contribute to the partnership?
b If only Wong is personally insolvent, how much money must Safar contribute to the partnership?
b If only Wong is personally insolvent, how will Safar's contribution funds be distributed?
c If only Safar is personally insolvent, how much money should Ramos receive from the liquidation?
Note: For all requirements, do not round intermediate calculations. Round your answers to the nearest whole dollar amount.
Answer is complete but not entirely correct.
tableaRio's contribution,$
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