On January 1, 20X7, the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of 5:3:2, decided to liquidate their partnership. On this date, its condensed balance sheet was as follows:

On January 15, 20X7, the first cash sale of other assets with a carrying amount of $150,000 realized $120,000. Safe installment payments to the partners were made on the same date. How much cash should be distributed to each partner?

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Assets Cash Liabilities and Capital $ 50,000 Liabilities $ 60,000 Other Assets 250,000 Casey, Capital 80,000 Dithers, Capital 90,000 Edwards, Capital 70,000 Total $300,000 Total $300,000