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2 3 After several years of operation, the partnership of Ray, Beam and Tide is being dated. After making desing entro December 31, 204, the

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2 3 After several years of operation, the partnership of Ray, Beam and Tide is being dated. After making desing entro December 31, 204, the first nogen Casti 19.000 Merchandise Inventory 74.000 Over assets 156.000 Accounts payable 62.000 Ray, Capital 48.000 Beam Rodriguez, capital 1000 Tide Rosenfeld, capital 16.000 The noncash assets are sold for $265,000. Profits and losses are shared equally. What is the amount of loss or gain on the sale of the months O a $265,000 gain Ob $35,000 gain O $16,000 gain Od. $35,000 loss 4 5 6 7 8 9 10

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