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The balance sheet of JKL Partnership prior to liquidation is as follows: J, K, and L share income in a 2:2:4 ratio, The partners are

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The balance sheet of JKL Partnership prior to liquidation is as follows: J, K, and L share income in a 2:2:4 ratio, The partners are unable to make any additional investments in the partnership, The other assets with a book value of $120,000 are sold for sold for $80,000 in cash. Required Determine the proper distribution of the available cash in a safe manner

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