The assets and equities of the Queen, Reed, and Stac Partnership at the end of its fiscal year on October 31, 20x5 are as follows: Liabilities and Equity: Liabilities... Assets: Cash.... .15,000...

Extracted text: The assets and equities of the Queen, Reed, and Stac Partnership at the end of its fiscal year on October 31, 20x5 are as follows: Liabilities and Equity: Liabilities... Assets: Cash.... .15,000 .20,000 .50,000 Receivable – net. Inventory.. Plant assets - net. Loan from Stac. .10,000 Queen, capital – 30%. Reed, capital – 50%.. Stac, capital – 20%.. Total Liabilities & Equity.. 40,000 ..45,000 .70,000 30,000 Loan to Reed. Total assets... 5,000 150,000 15,000 ..150,000 The partners decide to liquidate the partnership. They estimate that the noncash assets, other than the loan to Reed, can be converted into P100,000 cash over the two-months period ending December 31, 20x5. Cash is to be distributed to the appropriate parties as it becomes available during the liquidation process. The partner most vulnerable to partnership losses on liquidation is: