Liquidating Partnerships Prior to liquidating their partnership, Perkins and Gentry had capital accounts of $25,000 and $38,000, 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 $76,000. The partnership had $3,000 of liabilities. Perkins and Gentry share income and losses equally. Determine the amount received by Perkins as a final distribution from liquidation of the partnership.

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