The partnership of Anderson, Berry, Hammond, and Winwood is being liquidated. It currently holds cash of $20,000 but no other assets. Liabilities amount to $30,000. The capital balances are

Anderson (40% of profits and losses) . . . . . . . . . . . . . . . . . $ 20,000

Berry (30%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,000

Hammond (20%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (17,000) (deficit)

Winwood (10%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (25,000) (deficit)

(a). If both Hammond and Winwood are personally insolvent, how much money must Berry contribute to this partnership?

(b). If only Winwood is personally insolvent, how much money must Hammond contribute to the partnership? How will these funds be disbursed?

(c). If only Hammond is personally insolvent, how much money should Anderson receive from the liquidation?