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(5 points) As of January 1, 2013, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of

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(5 points) As of January 1, 2013, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses: 5. Cash Noncash assets Liabilities 80,000 205,000 47,000 138,000 119,500 (19,500) Canton, capital (30%) Yulis, capital (40%) Garr, capital (30%) The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000. How much of the existing cash balance could be distributed safely to partners at this time

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