Answer:
White :12,000 Sands: 68,000 and Luke 120,000
Step-by-step explanation:
given data
White Sands Luke
Balance Capital 60000 100000 200000
Income Sharing 30% 20% 50%
Maximum Loss 200000 500000 400000
solution
so here when here 200000 is received so
White Sands Luke
first 20000 0 20000
next 140000 0 40000 100000
balance 40000 12000 8000 20000
Total partner each 12000 68000 120000