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Distrbution of Cash Upon Liquidation Ht and Patel are partners, sharing gains and losses equally. Theey decide to teminate their partership. Pricr to realiation, their

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Distrbution of Cash Upon Liquidation Ht and Patel are partners, sharing gains and losses equally. Theey decide to teminate their partership. Pricr to realiation, their captal balances are $28,000 and $16,000, respectively Ah iabilaies are paid, there is a cash balance of $35,000 al noncash assels are sold and all a what is the amount ofa gain or loss on realization? Gain or Loss Amount b. How should the gain or loas be divided between Hett and Patel Hewtt Patel How should the cash be divided betwen Hewtt and Patel? If an amount is zero, enter 0 Hewt and P Distribution of Cah H Captal balance before realation Pl Division of gain or lom on realeion Balances Cash dstributed to partners Final balances

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