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 $200,000, how much should J receive upon liquidation?
A. $20,000
B. $30,000
C. $15,000
D. $50,000
Answer: A
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