Partners Rane, Snow, and Hale share profits and losses in the ratio of respectively. The partners vote to dissolve the partnership when its assets, liabilities, and capital are as follows:

The partnership will be liquidated over an extended period of time. As cash becomes available, it will be distributed to the partners. The first sale of noncash assets having a book value of $190,000 realizes $130,000.
Required
How much cash should be distributed to each partner after this sale?

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Cash. 10,000 30,000 Ctal-Rane.100,000 80,000 440,000 Total liabilities and capital . $440,000 Capital Hale Total assets...o