The partners decide to liquidate the partnership. They estimate that the non-cas

The partners decide to liquidate the partnership. They estimate that the non-cash assets other than the loan to Reed can be converted into $100000 cash over the two-month period ending December 31 2011. Cash is to be distributed to the appropriate parties as it becomes available during the liquidation process.1. The partner most vulnerable to partnership losses on liquidation is:a. Quenb. Reedc. Reed and Quen equallyd. Stacy2. If $90000 is available for the first distribution it should be paid to:3. If a total amount of $7500 is available for distribution to partners after all non-partner liabilities are paid it should be paid asfollows: