(Answered) Problemthe partnership of brandon and ryan is being

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The partnership of Brandon and Ryan is being liquidated. All gains andlosses are shared in a 3:1 ratio, respectively. Before liquidation, theirbalance sheet balances are as follows: Cash $10,000 Other Assets 8,000 Liabilities 4,000Brandon, Capital 7,000 Ryan, Capital 7,000.

a. If the Other Assets are sold for $10,000, how much will each partnerreceive before paying liabilities and distributing the remainingassets?

b. If the Other Assets are sold for $8,000, how much will each partnerreceive before paying liabilities and distributing remaining assets?

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