Use the Following Information to Answer the Questions
Albert

question 34

Short Answer

Use the following information to answer the Questions
Albert, Bella, Cosmo, and Dante inherit their grandmother's estate, which consists of a rare first- edition novel and a piano. The dollar values that each heir places on the items are as follows: $\begin{array}{l}\begin{array}{lll}\underline{\text { Object }} & \underline{\text { Albert }} & \underline{\text { Bella }}\\\text { Novel }&10,000&6,000\\\text { Piano } & 2,000 & 5,000\end{array}\begin{array}{lll}\underline{\text { Cosmo }}&\underline{\text { Dante }} \\500&100\\4,000 & 100\end{array}\end{array}$
Use the Knaster inheritance procedure to divide the property.
-How much cash does Cosmo end up with?

---

Definitions:

Accrued Interest

Interest that has accumulated over a period but has not yet been paid or received.

Protective Covenant

Clauses in a bond or loan agreement that limit certain actions of the issuer to protect creditors' interests.

Financial Statements

Records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Expansion Project

An investment endeavor aimed at increasing the size, capacity, or capability of an existing facility or system to accommodate growth.