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Liquidating Partnerships

Prior to liquidating their partnership, Perkins and Brooks had capital accounts of $40,000 and $71,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $132,000. The partnership had $4,000 of liabilities. Perkins and Brooks share income and losses equally.

Determine the amount received by Perkins as a final distribution from liquidation of the partnership.