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A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively.

A partnership is considering possible liquidation because one of the partners (Bell) is personally insolvent. Profits and losses are divided on a 4:3:2:1 basis, respectively. Capital balances at the current time are

Bell, capital $ 83,500
Hardy, capital 69,000
Dennard, capital 16,000
Suddath, capital 93,000

Bells creditors have filed a $34,000 claim against the partnerships assets. The partnership currently holds assets of $430,000 and liabilities of $168,500. If the assets can be sold for $255,000, what is the minimum amount that Bells creditors would receive?

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