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?

Multiple Choice

• Barley, $22,000; Carter, $30,000.

• Barley, $29,000; Carter, $23,000.

• Barley, $32,000; Carter, $20,000.

• Barley, $32,500; Carter, $19,500.

Reference l