Question: The XY partnership is undergoing an installment liquidation. X and Y share income equally, and have current capital balances of $30,000 and $60,000, respectively. $20,000 in cash is available for distribution. Assuming all liabilities have been paid, what is the amount of the safe payment to partner X?
(a) $ -0-
(b) $ 5,000
(c) $10,000
(d) $15,000