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A partnership has the following account balances: Cash. $84,000: Other Assets. $610,000: Liabilities. $374,000: Nixon (50 percent of profits and losses). $150,000: Cleveland (30 percent).

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A partnership has the following account balances: Cash. $84,000: Other Assets. $610,000: Liabilities. $374,000: Nixon (50 percent of profits and losses). $150,000: Cleveland (30 percent). $100,000: Pierce (20 percent). $70,000. The company liquidates, and $15,000 becomes available to the partners. Who gets the $15,000? Determine how much of this amount should be distributed to each partner. (Do not round intermediate calculations.)

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