Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: CDG PARTNERSHIP Balance Sheet Assets Cash Accounts Receivable (net) Inventories Property, Plant and Equipment (net) Total Assets Liabilities and Capital Liabilities: Accounts Payable Capital: Carlos, Capital Dan, Capital At December 1, 20x6 $ 33,500 92,000 117,000 334,000 $576,500 $302,000 $137,000 67,000 Gail, Capital 70,500 Total Capital 274,500 Total Liabilities and Capital $576,500