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Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The...

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Accounting

Harding, Jones, and Sandy, a partnership, is in the process of liquidating. The partners have the following capital account balances; $24,000,$24,000, and ($9,000) respectively. The partners share all profits and losses 16%,48%, and 36%, respectively. Sandy has indicated that the ($9,000) deficit will be covered with a forthcoming contribution. The remaining partners have requested an immediate distribution of $20,000 in cash that is available. How should this cash be distributed?
a. Harding $5,000; Jones $15,000.
b. Harding $17,000; Jones $3,000.
c. Harding $11,154; Jones $8,846.
d. Harding $14,297; Jones $5,703.
e. Harding $12,500; Jones $7,50
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