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On January 1 , 2 0 x 7 , the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of

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On January 1,20x7, the partners of Casey, Dithers, and Edwards, who share profits and losses in the ratio of 5.3:2, decided to liquidate their partnership. On this date, its condensed balance sheet was as follows:
\table[[Assets,,Liabilities and Capital,],[Cash,$50,000,Liabilities,$60,000
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