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1. Angry. Apple, and Tree were partners who shared profits and losses on a 7:5:8 basis, respectively. They were beginning to liquidate their business. At
1. Angry. Apple, and Tree were partners who shared profits and losses on a 7:5:8 basis, respectively. They were beginning to liquidate their business. At the start of the process, capital balances were as follows: Angry, Capital Apple, Capital Tree, Capital 34,000 30,000 200,000 In addition to the capital shown above, the partnership recorded $33,000 cash, $555,000 noncash assets, and liabilities of $324,000 on the balance sheet dated just prior to the liquidation. Liquidation expenses were estimated to be $6,000. After the liquidation expenses were paid and all noncash assets sold, Angry ended with a negative capital balance [deficit] of $8,000. What was the total sales amount for all the noncash assets? (5 points) a
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