The Balance Sheet of Ryan and Peter's Partnership as of December

Multiple Choice

The balance sheet of Ryan and Peter's partnership as of December 31,2018,is given below. $$\begin{array} { | l | r | l | r | } \hline { \text { Assets } } & &{ \text { Liabilities } } & \\\hline \text { Cash } & \$ 15,000 & \text { Accounts Payable } & \$ 15,000 \\\hline \text { Accounts Receivable } & 12,000& \text { Other liabilities } & 25,000 \\\hline \text { Furniture } & 25,000 & \text { Partners' Equity } & \\\hline \text { Equipment } & 36,000 & \text { Ryan, Capital } & 26,000 \\\hline \text { Other assets } & \underline { 8,000 }& \text { Peter, Capital } & \underline { 30,000 } \\\hline \text { Total assets } & \$ 96,000& \text { Total liabilities and partners' equity } & \underline {\$ 96,000 } \\\hline \end{array}$$ Ryan and Peter share profits in the ratio 3:2.They have decided to liquidate the partnership.After completing all the liquidation procedures (assuming all assets and liabilities were liquidated at book value) ,the business is left with $56,000 cash.As a result,Ryan will receive ________.

A) $26,000
B) $30,000
C) $56,000
D) $36,000