Reference no: EM132381258
A partnership has liquidated all assets but still reports the following account balances:
Beck, loan $ 8,900
Cisneros, capital (40%) 5,090
Beck, capital (20%)
Sadak, capital (10%) (12,000)
(deficit) (8,000) (deficit)
Emerson, capital (20%) 13, 900
Page, capital (10%) (6,000) (deficit)
The partners split profits and losses as follows: Cisneros, 40 percent; Beck, 20 percent; Sadak, 10 percent;
Emerson, 20 percent; and Page 10 percent.
Assuming that all partners are personally insolvent except for Sadak and Emerson, how much cash must Sadak now contribute to this partnership?