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21. Verst, Brown and Sullivan have a partnership. Pertinent information is as follows: Verst Brown Sullivan Capital balance 50,000 120,000 30,000 Profit and loss percentage

21. Verst, Brown and Sullivan have a partnership. Pertinent information is as follows:

Verst

Brown

Sullivan

Capital balance

50,000

120,000

30,000

Profit and loss percentage

25%

50%

25%

Sullivan retires and the partnership pays him $35,000. What is the balance in Verst

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