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McGill and Smyth have capital balances on January 1 of $ 50,000 and $ 40,000, respectively. The partnership balances, and (3) remaining income or loss

McGill and Smyth have capital balances on January 1 of $ 50,000 and $ 40,000, respectively. The partnership balances, and (3) remaining income or loss to be shared 60% by McGill and 40% by Smyth. Total salaries and interest

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