The Henry, Isaac, and Jacobs Partnership Was About to Enter

The Henry, Isaac, and Jacobs partnership was about to enter liquidation with the following account balances: $\begin{array}{lrlrl}\text { Cash } & \$ 90,000 & \text { Liabilities } & \$ 60,000 \\\text { Noncash assets } & 300,000 & \text { Henry, capital } & 80,000\\&&\text { Isaac, capital } & 110,000 \\&&\text { Jacobs, capital } & 140,000 \\\text { Total } & \$ 390,000&\text { Total } & \$ 390,000\end{array}$ Estimated expenses of liquidation were $5,000. Henry, Isaac, and Jacobs shared profits and losses in a ratio of 2:4:4.
-Before liquidating any assets,the partners determined the amount of cash for safe payments and distributed it.The noncash assets were then sold for $120,000,and the liquidation expenses of $5,000 were paid.How much of the $120,000 would be distributed to the partners? (Hint: Either a predistribution plan or a schedule of safe payments would be appropriate for solving this item. ) $\begin{array}{|l|l|l|l|}\hline & \text { Henry } & \text { Isaac } & \text { Jacobs } \\\hline \text { A) } & \$ 33,000 & \$ 36,000 & \$ 51,000 \\\hline \text { B) } & \$ 28,000 & \$ 36,000 & \$ 56,000 \\\hline \text { C) } & \$ 29,333 & \$ 32,000 & \$ 58,667 \\\hline \text { D) } & \$ 24,000 & \$ 48,000 & \$ 48,000 \\\hline \text { E) } & \$ 38,000 & \$ 26,000 & \$ 56,000 \\\hline\end{array}$

A) Option A
B) Option B
C) Option C
D) Option D
E) Option E