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David Oliver and Umar Ansari, with capital balances of $51,000 and $69,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying

David Oliver and Umar Ansari, with capital balances of $51,000 and $69,000, respectively, decide to liquidate their partnership. After selling the noncash assets and paying the liabilities, there is $150,000 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".

blank Oliver and Ansari Distribution of Cash
Oliver Ansari Total
Capital balances before realization $fill in the blank 1 $fill in the blank 2 $fill in the blank 3
Division of gain on realization fill in the blank 4 fill in the blank 5
Capital balances after realization $fill in the blank 6 $fill in the blank 7
Cash distributed to partners fill in the blank 8 fill in the blank 9
Final balances $fill in the blank 10 $fill in the blank 11

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