A partnership is currently holding $400,000 in assets and $234,000 in liablities . The partnership is to be liquidated, and $20,000 is the best estimation of the expenses that will be incurred druing this process. The four partners share proftis and losses as shown. Capital balances at the start of the liquidation follow:
Kevin, capital (40%) $59,000
Michael, capital (30%) $39,000
Brendan, capital (10%) $34,000
Jonathan, capital (20%) $34,000
The partnes realized the Brendan will be the first partner to start receiving cash. How much cash will Brendan revive before any of the others partners collect any cash?