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Barney, Betty, and Rubble are partners in a business that is in the process of...

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Accounting

Barney, Betty, and Rubble are partners in a business that is in the process of liquidation. On January 1,2025, the books show the balances indicated:
Assets
Equities
Cash
25,000
Barney Capital
72,000
Inventory
72,000
Betty Capital
28,000
Supplies
18,000
Rubble Capital
15,000
The partners have equal shares in profits and losses.
The cash is distributed to partners on January 1,2025.
Inventory and supplies are sold for a lump-sum price of $81,000 on February 9,2025.
Cash on hand is distributed to the partners in final liquidation of the business on February 10,2025.
1. Compute the amount of cash distributed to the partners on January 1,2025.
2. Compute the amount of cash distributed to the partners on February 10,2025.

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