The following information relates to the Robert Williams Company. Date Ending Inventory (End-of-Year Prices) Price Index
December 31, 2016 $74,800 100
December 31, 2017 97,888 112
December 31, 2018 105,772 124
December 31, 2019 119,424 128
December 31, 2020 112,694 134

Use the dollar-value LIFO method to compute the ending inventory for Williams Company for 2016 through 2020.

On december 31, 2016, the decarreau, andrew, and bui partnership had the following fiscal year-end balance sheet: cash $10,000accounts receivable $20,000inventory $25,000plant assets - net $30,000loan to decarreau $18,000total assets $103,000accounts payable $14,000loan from bui $15,000decarreaua, capital (20%) $32,000andrew, capital (10%) $23,000bui, capital (70%) $19,000total liab./equity $103,000the percentages shown are the residual profit and loss sharing ratios. the partners dissolved the partnership on january 1, 2017, and began the liquidation process. during july the following events occurred: * receivables of $18,000 were collected.* all inventory was sold for $15,000.*all available cash was distributed on january 31, except for$8,000 that was set aside for contingent expenses.the book value of the partnership equity (i.e., total equity of the partners) on december 31, 2016 isa. $58,000b. $71,000c. $66,000d. $81,000