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As of January 1, 2018, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and

As of January 1, 2018, the partnership of Canton, Yulls, and Garr had the following account balances and percentages for the sharing of profits and losses:

Cash $ 80,000
Noncash assets 205,000
Liabilities 47,000
Canton, capital (30%) 138,000
Yulls, capital (40%) 119,500
Garr, capital (30%) (19,500 )

The partnership incurred losses in recent years and decided to liquidate. The liquidation expenses were expected to be $10,000.

What would be the maximum amount Garr might have to contribute to the partnership to eliminate a deficit balance in his account?

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