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

Cash	$ 51,000	Liabilities	$ 41,000
Noncash assets	136,000	Guerin, capital	91,000
		Moradi, capital	71,000
		Veloso, capital	(16,000)

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 $10,000 cash that is presently available in excess of liabilities be distributed?

If the noncash assets are sold for a total of $51,000, what is the minimum amount of cash that Guerin could receive?

Answer is complete but not entirely correct.

a. Maximum amount
b. Distributed to Guerin
b. Distributed to Moradi
b. Distributed to Veloso
c. Minimum amount