Problem 2 . Dindo , Eric and Fumaren are partners in Defender Partnership with profit or loss sharing ratio of 6: Due to disagreement , the partners...

Homework Help [Partnership Liquidation - Lump Sum]

Hello, need help answering the attached exercise related to partnership. Please provide solutions and detailed explanations.

• Attachment 1
• Attachment 2

Problem 2 . Dindo , Eric and Fumaren are partners in DefenderPartnership with profit or loss sharing ratio of 6:1:3 . Due todisagreement , the partners decided to liquidate their businesswith pre- liquidation statement of financial position presentedbelow :CashP 3, 000 , 000 LiabilitiesP 10 , 000, 000Noncash17, 000, 000 Dindo ,1 , 000 , 000assetsCapitalEric , Capital4, 000, 000Fumaren ,5 , 000 , 000Capital