Question: PLEASE ANSWER QUESTION CORRECTLY AND SHIW WORK PLEASE!!! Hanson, James, and Smith, a partnership, is in the process of liquidating. The partners have the following

PLEASE ANSWER QUESTION CORRECTLY AND SHIW WORK PLEASE!!!
 PLEASE ANSWER QUESTION CORRECTLY AND SHIW WORK PLEASE!!! Hanson, James, and

Hanson, James, and Smith, a partnership, is in the process of liquidating. The partners have the following capital account balances; $58,000,$58,000, and ($18,000) respectively. The partners share all profits and losses 16%,48%, and 36%, respectively. Smith has indicated that the ($18,000) deficit will be covered with a forthcoming contribution. The remaining partners have requested an immediate distribution of $40,000 in cash that is available. How should this cash be distributed? a. Hanson $28,594; James $11,406. b. Hanson $34,000; James $6,000. c. Hanson $22,000; James $18,000. d. Hanson $15,000 : James $25,000. e. Hanson $39,000; James $1,000

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