Following is a series of independent cases. In each situation, indicate the cash distribution to be made at the end of the liquidation process. Unless otherwise stated, assume that all solvent partners will reimburse the partnership for their deficit capital balances.
Part A
The Simon, Haynes, and Jackson partnership presently reports the following accounts. Jackson is personally insolvent and can contribute only an additional $3,000 to the partnership. Simon is also insolvent and has no available funds.
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 30,000
Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,000
Haynes, loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
Simon, capital (40%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,000
Haynes, capital (20%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6,000)
Jackson, capital (40%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,000)
Part B
Hough, Luck, and Cummings operate a local accounting firm as a partnership. After working together for several years, they have decided to liquidate the partnership€™s property. The partners have prepared the following balance sheet:

The firm sells the noncash assets for $80,000; it will use $21,000 of this amount to pay liquidation expenses. All three of these partners are personally insolvent.
Part C
Use the same information as in Part B, but assume that the profits and losses are split 2:4:4 to Hough, Luck, and Cummings, respectively, and that liquidation expenses are only $6,000.
Part D
Following the liquidation of all noncash assets, the partnership of Redmond, Ledbetter, Watson, and Sandridge has the following account balances:
Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 28,000
Redmond, loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000
Redmond, capital (20%) . . . . . . . . . . . . . . . . . . . . . . . . . . (21,000)
Ledbetter, capital (10%) . . . . . . . . . . . . . . . . . . . . . . . . . . (30,000)
Watson, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,000
Sandridge, capital (40%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,000
Redmond is personallyinsolvent.

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Cash Hough, loan Noncash assets . . . .. 20,000 abilities. . . . _ . . $ 40,000 8,000 Luck, loan 162,000 Hough, capital (50%) 90,000 Luck, capital (40%) ··········· 30,000 Cummings, capital (10%) ····.. 20,000 Total liabilities and capita190,000 Total assets....$190,000