A couple, Maxine and Dugan, are parting ways and must figure out a way to split up their...

A couple, Maxine and Dugan, are parting ways and must figure out a way to split up their belongings, including an antique chair, a plasma television, a patio set, a treadmill, and a rototiller. They agree to abide by the result of the method of sealed bids. Each makes the following bids on each item.

a. For each item, who was the highest bidder?

b. How much money is initially placed into the compensation fund?

c. What is the final distribution of items and cash?