Problem
A local partnership was in the process of liquidating and reported the following capital balances:
Justice Capital (40% income share) $23,000
Zobart Capital (35% income share) $22,000
Douglas Capital (25% income share) ($14,000)
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 available. How much of this money should Zobart receive?