The partnership of Alice, Betty, and Carle became insolvent during 2011, and the partnership ledger shows the following balances after all partnership assets have been converted into cash and all available cash distributed:

Profit and loss sharing percentages for the three partners are Alice, 30 percent; Betty, 40 percent; and Carle, 30 percent. The personal assets and liabilities of the partners are asfollows:

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Alice Betty Carle Personal assets Personal liabilities $60,000 50,000 $110,000 $60,000