. D, E & F are partners. According to the articles of copartner ship they agree to share profit and loss in the ratio of 40%. 40% and 20%... The partners have agreed to liquidate and anticipate liquidation expense would total $28,000. Prior to liquidation the following balance were available:

Cash	$50,000
Noncash Assets	$400,000
Notes Payable to E	$24,000
Other liabilities	$330,000
D Capital	$80,000
E Capital	$36,000
F Capital (Deficit)	($20,000)

Instructions: Assuming actual liquidation expenses are $40,000 and that noncash assets sold for$360,000. Determine how the assets will be distributed. F had net personal assets of $20,000.