5. Vasilika, Lily, and Denise decide to liquidate their partnership. All assets are sold for cash and all the liabilities are paid. After this, their capital balances are: Vasilika - $27,000; Lily - ($12,000); Denise - $43,000. Their profit/loss percentages are: Vasilika - 30%; Lily - 40% ; Denise - 30%. Lily is unable to contribute any assets to reduce her deficit. How much cash will Vasilika receive as a result of the partnership liquidation? 1. $15,000 2. $23,400 3. $21,000 4. $27,000 5. None of the above.

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