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The partnership of Butler, Osman, and Ward was formed several years ago as a local tax preparation firm. Two partners have reached retirement age, and the partners have decided to terminate operations and liquidate the business. Liquidation expenses of $$42,000$ are expected. The partnership balance sheet at the start of liquidation is as follows:

$\backslash$table$[[$Cash$,,,],[$Accounts receivable,$38,000,$Liabilities,$$178,000$