Question: Cash. . . . . . . . . . . . . . . . . . $ 40,000 Liabilities . . . .

Cash. . . . . . . . . . . . . . . . . . $ 40,000 Liabilities . . . . . . . . . . . . . . . . . . . $ 30,000 Land. . . . . . . . . . . . . . . . . . 130,000 Adams, capital . . . . . . . . . . . . . . 80,000 Building . . . . . . . . . . . . . . . 120,000 Baker, capital. . . . . . . . . . . . . . . . 30,000 . . . . . . . . .. . . . . . . . . . . . . . . . . . . . . . Carvil, capital . . . . . . . . . . . . . . . 60,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Dobbs, capital . . . . . . . . . . . . . . . 90,000 Total assets . . . . . . . . . . . $290,000 Total liabilities and capital . . . . $290,000

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Question: Assume that profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:4:2 basis respectively.

How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion?

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