David, Paul, and Burt are partners in a CPA firm sharing profits and losses in a ratio of 2:2:3, respectively. Immediately prior to liquidation, the following balance sheet was prepared: 
Required:
Assuming the noncash assets are sold for $160,000, determine the amount of cash to be distributed to each partner assuming all partners are personally solvent. Complete the worksheet and clearly indicate the amount of cash to be distributed to each partner in the spaces provided. 
Definitions:
Consumer Surplus
The differentiation between the total investment consumers are willing and able to make in a product or service and the investment they end up making.
Marginal Utility
The supplementary joy or advantage an individual experiences when acquiring an extra unit of a good or service.
Total Utility
The total satisfaction or benefit that a consumer derives from consuming a certain quantity of a good or service.
Total Utility
The total satisfaction received from consuming a particular quantity of goods and services.
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