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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Cash $10,000 Noncash Assets $400,000 Total Assets: $410,000 Liabilities

The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet:

Cash $10,000

Noncash Assets $400,000

Total Assets: $410,000

Liabilities $150,000

Abrams, Capital $50,000

Bartle, Capital $120,000

Creighton, Capital $90,000

Total Liabilities + Capital: $410,000

Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. The noncash assets were sold for $200,000.

What is the amount of cash that safely can be paid to partners after sale of noncash assets?

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