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Requlred Information

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The partnership of Garcla, Igleslas, and Kassablan was formed several years ago as a local tax preparation firm. Two parthers have reached ret$$rement age, and the partners have decided to terminate operations and liquidate the business. Liquidation expenses of $$38,000$ are expected. The partnership balance sheet at the start of IIquidation is as follows:

$\backslash$table$[[\backslash$table$[[$Cash$],[$Accounts receivable$],[$Office equipment $($net$)],[$Building $($net$)],[$Land$]],\backslash$table$[[$$$34,000$