The Partnership of Larry, Moe, and Curly Shares Profits and Losses

The partnership of Larry, Moe, and Curly shares profits and losses 60%, 30%, and 10%, respectively.On January 1, 2014, the partners voted to dissolve the partnership, at which time the assets, liabilities, and capital balances were as follows: $$\begin{array} { l c l r } \text { Assets } & & \text { Liabilities and Capital } \\\text { Cash } & \$ 400,000 & \text { Accounts Payable } & \$ 80,000 \\\text { Other Assets }& 1,200,000 & \text { Larry, Capital } & 440,000 \\& & \text { Moe, Capital } & 380,000 \\& & \text { Curly, Capital } & 200,000 \\\text { Total assets } & \$ 1,600,000 & \text { Total liabilities } & \$ 1,600,000\end{array}$$ All of the partners are personally insolvent.
Assume that all noncash assets are sold for $840,000 and all available cash is distributed in final liquidation of the partnership.Cash should be distributed to the partners as follows

A) Larry, $744,000; Moe, $372,000; Curly, $124,000.
B) Larry, $440,000; Moe, $380,000; Curly, $200,000.
C) Larry, $224,000; Moe, $272,000; Curly, $164,000.
D) Larry, $396,000; Moe, $198,000; Curly, $66,000.