A partnership has the following balance sheet just before final liquidation is to begin:...

A partnership has the following balance sheet just before final liquidation is to begin:

Liquidation expenses are estimated to be $12,000. The other assets are sold for $40,000. What distribution can be made to the partners?

a. –0– to Art, $1,500 to Raymond, $2,500 to Darby.

b. $1,333 to Art, $1,333 to Raymond, $1,334 to Darby.

c. –0– to Art, $1,200 to Raymond, $2,800 to Darby.

d. $600 to Art, $1,200 to Raymond, $2,200 to Darby.