DON, BEH and SAD partnership became insolvent and the partnership is being liquidated as soon as feasible. In this respect the following information for the

DON, BEH and SAD partnership became insolvent and the partnership is being liquidated as soon as feasible. In this respect the following information for the partners has been marshaled: Capital            Personal         Personal Balances          Balances         Liabilities DON                                      70,000              80,000            40,000 BEH                                       (60,000)            30,000            50,000 SAD (30,000)            70,000            30,000 Total (20,000) Assume that residual profits and losses are shared equally among the three partners, based on this information, what is the maximum amount that DON can expect to receive from the partnership liquidation? A. 20,000                  C. 70,000 B. 40,000                  D. 110,000

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