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Could someone help me with 3 & 4? Thank you!!

hapter 16 Parmerships: Liqwidanion c. Ratio of the capital contributions by the partners. d. Ratio of capital contributions less withdrawals by the partners. (Note: The following information is for questions 3 through 5.) The balance sheet for the Art, Blythe, and Cooper Partnership is as follows. Figures shown parenthetically reflect agreed profit and loss-sharing percentages Liabilities and Capital $ 50,000 37,000 65,000 s 20,000 Liabilities Cash Other Assets Art, Capital (40%) Blythe, Capital (40%) Cooper, Capital (20%) 180,000 48,000 $200,000 Total $200,000 Total 3. If the firm, as shown on the balance shee, is dissolved and liquidated by selling assets in install ments and if the first sale of noncash assets having a book value of $90,000 realizes $50,000 and all cash available after settlement with creditors is distributed, the respective partners would receive (to the nearest dollar) Blythe Cooper a. $8,000 $8,000 $4,000 b. $6,667 6,667 6,666 c. $0 $13,333 $ 6,667 as 0 $3,000 $17,000 Art 4. If the facts are as in question 3 except that $3,000 cash is to be withheld, the respective partners would then receive (to the nearest dollar) Art Blythe Cooper a. $6,800 6,800 3,400 b. $5,667 5,667 5,666 C. $ 0 $11,333 $5,667 $ 0 $1,000 $16,000 5. If each partner properly received some cash in the distribution after the second sale, if the cash to be distributed amounts to $12,000 from the third sale, and if unsold assets with an $8,000 book value remain, ignoring questions 3 and 4, the respective partners would receive Art Blythe Cooper $4,800 $ 4,800 $ 2,400 b. 4,000 4,000 4,000 .37/150 65/1 50 48/150 of of of $12,000 $12,000 $12,000 d $ 0 8,000 4,000 6. The following condensed balance sheet is for the partnership of Amie, Bart, and Kurt, who share profits and losses in the ratio of 4:3:3, respectively: Assets Liabilities and Capital

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