The following condensed balance sheet is presented for the partnership of H, I, and J who share profits and losses in the ratio of 4:3:3, respectively: Cash$50,000 Other Assets 300,000 Total$350,000 Liabilities$80,000 H, Capital 150,000 I, Capital 70,000 J, Capital 50,000 Total$350,000 The partners agree to liquidate the partnership after selling the other assets.Refer to the above information. If the other assets are sold for $140,000 and all partners are personally insolvent, how much should I receive upon liquidation?
A. $6,600
B. $0
C. $2,000
D. $22,000
Answer: D
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