Cash Other assets. Liabilities.. Playa, capital (40%) Bahia, capital (30%). Arco, capital (30%) $ 50,000 24,000 29,000 30,000 100,000 Total $133,000 Total. $133,000
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During liquidation, other assets are sold for $80,000, liabilities are paid in full, and $15,000 in liquidation expenses are paid. What amount of cash does each partner receive as a result of this liquidation?
- Playa, $6,000; Bahia, $4,500; Arco, $4,500.
- Playa, $10,000; Bahia, $18,500; Arco, $19,500.
- Playa, $16,000; Bahia, $23,000; Arco, $24,000.
- Playa, $19,200; Bahia, $14,400; Arco, $14,400.
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