1. The percentages indicated represent the relevant profit and loss sharing ratios.2. Personal assets and liabilities of the partners at June 30 2011 are as follows:3. Ace pays $200000 into the partnership and partnership liabilities are paid on July 1 2011.4. On July 15 2011 Cid pays $100000 into the partnership and Don pays $80000. No further contributions from either Cid or Don are possible.5. Losses from the bankruptcy of Cid are divided among the solvent partners on July 15 2011.6. Available cash is distributed and the partnership books are closed on July 312011.