Question

A partnership has liquidated all assets but still reports the following account balances:

Loan from White	$ 8,500
Black, capital	3,600
White, capital	(9,200	) (deficit)
Green, capital	(5,000	) (deficit)
Brown, capital	16,100
Blue, capital	(14,000	) (deficit)

The partners split profits and losses as follows: Black, 30 percent; White, 30 percent; Green, 10 percent; Brown, 20 percent; and Blue, 10 percent.

Assuming that all partners are personally insolvent except for Green and Brown, how much cash must Green now contribute to this partnership? (Do not round intermediate calculations.)

Answer 1