The following information concerns two different partnerships. These problems should be viewed as independent situations. (Do not round intermediate calculations.)

Part A

The partnership of Ross, Milburn, and Thomas has the following account balances:

Cash	$ 59,000	Liabilities	$ 26,000
Noncash assets	129,000	Ross, capital	92,000
		Milburn, capital	(36,000	)	(deficit)
		Thomas, capital	106,000

This partnership is being liquidated. Ross and Milburn are each entitled to 40 percent of all profits and losses with the remaining 20 percent to Thomas.

a.	What is the maximum amount that Milburn might have to contribute to this partnership because of the deficit capital balance?

b.

To whom should the $33,000 cash that is presently available in excess of liabilities be distributed?

	Ross
	Thomas
	Milburn

c.	If the noncash assets are sold for a total of $66,000, what is the minimum amount of cash that Thomas could receive?

Part B

The partnership of Sampson, Klingon, Carton, and Romulan is being liquidated. It currently holds cash of $32,000 but no other assets. Liabilities amount to $52,000. The capital balances are as follows:

Sampson		$ 32,000
Klingon		(40,000	)
Carton		20,000
Romulan		(32,000	)

Profits and losses are allocated on the following basis: Sampson, 40 percent, Klingon, 20 percent, Carton, 20 percent, and Romulan, 20 percent.

a.	If both Klingon and Romulan are personally insolvent, how much money must Carton contribute to this partnership?

b-1.	If only Romulan is personally insolvent, how much money must Klingon contribute?

b-2.	If only Romulan is personally insolvent, how will Klingon's contribution (funds) be disbursed?

c.	If only Klingon is personally insolvent, how much money should Sampson receive from the liquidation?