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Grouse, Flicker, and Partridge are partners sharing profits and losses 3 0 / 3 0 / 4 0 respectively.Their balance sheet is below.Cash$ 2 0

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Grouse, Flicker, and Partridge are partners sharing profits and losses 30/30/40 respectively.Their balance sheet is below.Cash$200,000Payables to Creditors$300,000Receivable from Grouse50,000Loan to Partridge,10,000Receivable from Flicker20,000Grouse, Capital240,000Property & Equipment480,000Flicker, Capital250,000Goodwill100,000Partridge, Capital50,000$850,000$850,000The business is doing poorly, and they decided to liquidate. As such, the goodwill is non-existent.The goodwill was recorded when Flicker entered the business and was put entirely into Flicker's capital.The non-cash assets were sold for $200,000, and there are $20,000 of liquidation expenses.All partners are personally insolvent.Prenare a lidudation schedule showins anv cash available to the nartners.
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