General Widget's Partnership Assets Amount to $34,000 After Liquidation

Multiple Choice

General Widget's partnership assets amount to $34,000 after liquidation.Frank, Gene, and Hank, equal partners, each contributed $3,000 into the capital pool at the inception of the business.Gene later loaned the business $5,000.The partnership owes $23,000 to creditors for inventory.Under the UPA, what will Gene get in distribution, assuming there is no agreement on the distribution of profits?

A) $5,000.
B) $7,000.
C) $11,000.
D) $8,000.