A local partnership is liquidating and is currently reporting the following capital balances:
Barley, capital (50% share of all profits and losses) . . . ...... $ 44,000
Carter, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ... . 32,000
Desai, capital (20%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (24,000)
Desai has indicated that a forthcoming contribution will cover the $24,000 deficit. However, the two remaining partners have asked to receive the $52,000 in cash that is currently available. How much of this money should each of the partners receive?
a. Barley, $22,000; Carter, $30,000.
b. Barley, $32,000; Carter, $20,000.
c. Barley, $29,000; Carter, $23,000.
d. Barley, $32,500; Carter, $19,500.