A local partnership was considering the possibility of liquidation. Capital account balances at that time were as follows. Profits and losses were divided on a 4:2:2:2 basis, respectively. Ding, capital$60,000Laurel, capital 67,000Ezzard, capital 17,000Tillman, capital 96,000??At that time, the partnership held noncash assets reported at $360,000 and liabilities of $120,000. There was no cash on hand at the time.?If the assets could be sold for $228,000 and there are no liquidation expenses, what is the amount that Laurel would receive from the liquidation?
A. $0.
B. $2,500.
C. $38,250.
D. $67,250.
E. $36,000.
Answer: C
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