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can you solve it ASAP please? The Catt, Dogg, and Eustus partnership was established by the partners early February 2008. The business was highly successful

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The Catt, Dogg, and Eustus partnership was established by the partners early February 2008. The business was highly successful up till the year 2017. However, starting 2018, a downturn started due to economic and marketing factors causing sales to drop drastically and hence, the result of operations for the year 2018 was a $25,000 loss. On August 1, 2019, the partnership's balance sheet showed the following information before starting with the business liquidation: Cash Accounts Receivable Inventory Loan to Catt $ 80,000 160,000 130,000 10,000 $ 125,000 70,000 5,000 Accounts payable Notes payable Loan from Dogg Catt, capital (20%) Dogg, capital (20%) Eustus, capital(60%) Total liab./equity Loan to Eustus Plant assets-net 15,000 210,000 130,000 95,000 180.000 $ 605.000 Total assets $ 605,000 Liquidation events in august were as follows: - Receivables recorded at $120,000 were collected at $110,000; - Inventory costing of $80,000 was sold at a loss of $20,000; - Plant assets were sold for $140,000 cash, resulting in a 40,000 gain. Required: Determine how the available cash on August 31, 2019 should be distributed

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