Previous Page Next Page Page 9 of 44 Question 9 (2 points) (for this question you do not need to show your work) A local partnership was in the process of liquidating and reported the following Capital account balances: Justice, capital (40% of all profits and losses) $26,000 Zobart, capital (35%) 20,000 Douglass, capital (25%) (15,000) Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account. 1. How much of the $31,000 in the cash account should Justice receive? 2. How much of the $31,000 in the cash account should Zobart receive