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eBook Show Me How Question Content Area Liquidating Partnerships Prior to liquidating their partnership, Todd and Brooks had capital accounts of $ 7 9 ,

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Liquidating Partnerships
Prior to liquidating their partnership, Todd and Brooks had capital accounts of $79,000 and $116,000, 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 $217,000. The partnership had $6,000 of liabilities. Todd and Brooks share income and losses equally.
Determine the amount received by Todd as a final distribution from liquidation of the partnership.
$fill in the blank 1

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