Bill, Page, Larry, and Scott have decided to terminate their partnership. The partnership's balance sheet at the time they decide to wind up is as follows: Cash$100,000 Accounts payable$100,000 Noncash Assets 300,000 Bill, Capital 25,000 Page, Capital 110,000 Larry, Capital 100,000 Scott, Capital 65,000 $400,000 Total$400,000 During the winding up of the partnership, the other assets are sold for $150,000 and the accounts payable are paid. Page and Larry are personally solvent, but Bill and Scott are personally insolvent. The partners share profits and losses in the ratio of 3:2:1:4.Based on the preceding information, what amount will be paid out to Scott upon liquidation of the partnership?
A. $6,429
B. $5,000
C. $2,500
D. $0
Answer: D
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