The partnership of Wingler, Norris, Rodgers, and Guthrie was formed several years ago as a architectural firm. Several partners recently had personal financial problems and decided to terminate operations and liquidate the business. The following balance sheet summarizec its financial information on January 5 at the beginning of this process: Cash Accounts Receivable Inventory Land Building and Equipment (net) Total Assets $17,000 80,000 100,000 57,000 193,000 447,000 Liabilities Rodgers Loan Wingler, Capital Norris, Capital Rodgers, Capital Guthrie, Capital Total Liabilities and Capital $79,000 25,000 141,000 100,000 62,000 40.00 447,000 18,000 The estimated liquidation expenses were Profit and loss allocation ratio according to the provisions of partnership agreement: Wingler 40% Norris 20% Rodgers 10% Guthrie 30% The following transactions occurred during the liquidation: Jan. 14 Collected 70% of the total accounts receivalbe with the rest judged to be uncollectible 70% Feb. 23 Sold the land, building and equipment for 180,000 Mar. 1 Made safe capital distributions Mar.29 Learned that Guthrie became personally insolvent Apr. 3 Paid all liabilities Jun. 30 Sold all inventory for 55,000 Jul. 1 Made safe capital distributions again Sep. 26 Paid liquidation expenses 15,000 No. 4 Made final cash distrubtions to the partners based on the assumption that all partners except Guthrie are personally solvent In its predistribution plan, what is the amount of cash allocated to Norris in step 2? $35,670 $35,500 $43,700 $37,000