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Prior to liquidating their partnership, Ellis and Gentry had capital accounts of $ 5 7 , 0 0 0 and $ 9 5 , 0
Prior to liquidating their partnership, Ellis and Gentry had capital accounts of $ and $ respectivelyPrior to liquidation, the partnership no cash assets other than what was realized from the sale of assets. These partnership assets were sold for $ The partnership had of and Gentry share income and losses equally Determine the amount received by Ellis as a final distribution from liquidation of the partnership
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