A Local Partnership Was in the Process of Liquidating and Reported

A local partnership was in the process of liquidating and reported the following capital balances: $\begin{array}{ll}\text {Justice, capital (40\% share of all profits and losses) }&\$23,000 \\\text {Zobart, capital ( \( 35 \%) \) }&22,000 \\\text { Douglass, capital ( } 25 \%) &(14,000) \\\end{array}$
Douglass indicated that the $14,000 deficit would be covered by a forthcoming contribution. However, the two remaining partners asked to receive the $31,000 that was then in the cash account. How much of this money should Zobart receive?

A) $15,467.
B) $14,467.
C) $17,333.
D) $15,633.
E) $15,867.

Correct Answer:

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