A local partnership is liquidating and has only two assets (cash of $10,000 and land with a cost of $35,000). All partnership liabilities have been paid. All partners are personally insolvent. The partners have capital balances and share profits and losses as follows.

Brown, capital (40%) . . . . . . . . . . . . . . . . . . . . . . .     $ 25,000
Fish, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . . .        15,000
Stone, capital (30%) . . . . . . . . . . . . . . . . . . . . . . . .          5,000

  a. If the land is sold for $25,000, how much cash does each partner receive in a final settlement?
  b. If the land is sold for $15,000, how much cash does each partner receive in a final settlement?
  c. If the land is sold for $5,000, how much cash does each partner receive in a final settlement?