The balance sheet given below is presented for the partnership of Janet, Anton, and Millet: Cash$60,000 Liabilities$80,000 Other Assets 150,000 Janet, Capital 80,000 Anton, Capital 30,000 Millet, Capital 20,000 Total$210,000 Total$210,000 The partners share profits and losses in the ratio of 5:3:2, respectively. The partners agreed to dissolve the partnership after selling the other assets for $50,000. On dissolution of the partnership, Janet should receive:
A. $0.
B. $10,000.
C. $30,000.
D. $80,000.
Answer: C
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