Sadie and tim have a 3:2 income ratio for their partnership. during the liquidation of this partnership. sadie was allocated $13,200 and tim was allocated $8,800 during step 2 of the liquidation process. the total cash assets before liquidation totaled $16,000. during step 1 of the liquidation process, there was a gain of
a. $22,000
b. $38,000.
c. $16.000
d. $6.000