The Keller, Long, and Mason partnership had the following ba…

The Keller, Lоng, аnd Mаsоn pаrtnership had the fоllowing balance sheet just before entering liquidation: Cash $ 115,000 Liabilities $ 45,000 Noncash assets 230,000 Keller, Capital 100,000     Long, Capital 70,000     Mason, Capital 130,000 Total $ 345,000 Total $ 345,000 Keller, Long, and Mason share profits and losses in a ratio of 2:4:4.Assuming noncash assets were sold for $70,000 and liquidation expenses in the amount of $18,500 were incurred, how much will each partner receive in the liquidation?   Keller Long Mason A) $ 14,000 $ 28,000 $ 28,000 B) $ 37,000 $ 74,000 $ 74,000 C) $ 63,833 $ 0 $ 57,667 D) $ 0 $ 0 $ 121,500 E) $ 57,833 $ 12,000 $ 51,667