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Lance, Lorne and Larry have been operating a business as a limited liability partnership for several years. On January 17, 2023, Lance, Lorne and Larry

Lance, Lorne and Larry have been operating a business as a limited liability partnership for several years. On January 17, 2023, Lance, Lorne and Larry had a capital balance of $250,000, $177,000 and $124,000 respectively. However, Larry decided to withdraw from the partnership to pursue other opportunities. The partners agreed that Larry would receive the current value of his capital account using the partnerships cash. Do not enter dollar signs or commas in the input boxes. Use the negative sign for amounts that must be subtracted. a) Calculate the new capital balance for each partner after the withdrawal of Larry. Lance Lorne Larry Total Capital balance before the withdrawal Answer Answer Answer Answer Withdrawal of a partner Answer Answer Answer Answ

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