The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances:
cash 90000 liabilities 60000
Noncash assets 300000 Henry capital 80000
Isaac capital 110000
Jacobs capital 140000
Total 390000 Total 390000
Estimated expenses of liquidation were $10,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4.
Before liquidating any assets, the partners determined the amount of safe cash. To whom should the safe cash be distributed?