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David Oliver and Umar Ansari, with capital balances of $35,000 and $47,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying
David Oliver and Umar Ansari, with capital balances of $35,000 and $47,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $103,000 of cash remaining. If the partners share income and losses equally, how should the cash be distributed?
If an amount is zero, enter in "0".
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