As of January 1, 2011, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:
Cash 80,000
non cash assets 205,000
liabilities 47,000
canton, capital (30%) 138,000
Yulls, capital (40%) 119,500
Garr, capital (30%) -19,500
The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.
How much of the existing cash balance could be distributed safely to partners at this time?