A local partnership has assets of cash of $5,000 and a building worth $60,000. All liabilities have been paid and the partners are all insolvent. The partners' capital accounts are as follows Bob $35,000, Ed $20,000 and Joe 18,000. The partners share profits and losses 4:4:2. If the building is sold for $40,000, how much cash will Bob receive in the final settlement?
$36,400.
$29,200.
$27,000.
$20,000.
None of the above.