OS 12-T Liquidation of partnership LO PA The following informarom appies to the questons dspleyod beow/ The Field, Brown & Snow partnership was begun wth investments by the panners ollows Field. eventue yoeaded to he permenship, storing a losses equal y on May osees were converted to cash ond al crednors were paid only SAS000 n permershep cash remnined 200 points Qs 12-7 Part 1 1. compute the capital account balance of each partner ater he lquidason of assets andthe payment of aednors Wmounts to be deducted and megative capital balnnces be eatreed Alocation of gains 0osses)