The following condensed balance sheet is presented for the partnership of Axel, Barr and Cain, who share profits and losses in the ratio of 4:3:3, respectively.
Other assets 300,000
Total assets 400,000
Axel, capital 40,000
Barr, capital 180,000
Cain, capital 30,000
Total liabilities and capital 400,000
The partners agreed to dissolve the partnership after selling the other assets for $200,000. Upon dissolution of the partnership, how much should each partner receive?(show calculation)