The partnership of Guerin, Moradi, and Veloso has the following account balances:

Cash $ $60,000$ Liabilities $ $31,000$

Noncash assets $159,000$ Guerin, capital $147,000$

Moradi, capital $94,000$

Veloso, capital $(53,000)$

This partnership is being liquidated. Guerin and Moradi are each entitled to $30$ percent of all profits and losses with the remaining $40$ percent going to Veloso.

Required:

What is the maximum amount that Veloso might have to contribute to this partnership because of the deficit capital balance?

How should the $$29,000$ cash that is presently available in excess of liabilities be distributed?

If the noncash assets are sold for a total of $$74,000,$ what is the minimum amount of cash that Guerin could receive?