On January $1,20$X$7,$ the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of $5$:$3$:$2,$ decided to liquidate their partnership. On this date, its condensed balance sheet was as follows:

AssetsLiabilities and CapitalCash$ $50,000$Liabilities$ $60,000$Other Assets$250,000$Casey, Capital$80,000$Dithers$,$ Capital$90,000$Edwards$,$ Capital$70,000$Total$ $300,000$Total$ $300,000$

On January $15,20$X$7,$ the first cash sale of other assets with a carrying amount of $$150,000$ realized $$120,000.$ Safe installment payments to the partners were made on the same date. How much cash should be distributed to each partner?

$$CaseyDithersEdwardsA$.$$ $15,000$$ $51,000$$ $44,000$B$.$$ $40,000$$ $45,000$$ $35,000$C$.$$ $55,000$$ $33,000$$ $22,000$D$.$$ $60,000$$ $36,000$$ $24,000$

Multiple Choice

Option A

Option B

Option C

Option D