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3. (10 points) On 07/07/2017, Partnership Peach's balance sheet is as below Note that the loan was borrowed by the partnership from Partner A. The

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3. (10 points) On 07/07/2017, Partnership Peach's balance sheet is as below Note that the loan was borrowed by the partnership from Partner A. The profit/loss sharing ratio was 40%/30% and 30% among A, B and C. All the partners decide to liquidate Peach, below are the liquidation schedule 0801/2017, liquidator sold AR for 800,000; 08/15/2017, liquidator sold inventory for 1,000,000 09/15/2017, liquidator sold PPE for 1,000,000, 10/31/2017, liquidator sold patent for 800,000. 11/1/2017, the partnership paid liquidation fee 30,000 in cash. 11/12/2017, the partnership paid off mortgage. Please calculate every partners respective capital balance after 11/12/2017

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