A partnership has liquidated all assets but still reports the following account balances:
|
Loan from White |
$6,000 |
|
Black, capital |
3,000 |
|
White, capital |
(9,000) (deficit) |
|
Green, capital |
(3,000) (deficit) |
|
Brown, capital |
15,000 |
|
Blue, capital |
(12,000) (deficit) |
The partners split profits and losses as follows: Black, 30 percent; White, 30 percent; Green, 10 percent; Brown, 20 percent; and Blue, 10 percent.
Assuming that all partners are personally insolvent except for Green and Brown, how much cash must Green now contribute to this partnership?