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The balance sheet of Ryan and Peter's partnership as of December 31, 2018. Is glven below. Assets Liabilities Cash $17,000 Accounts Payable $15.000 Accounts Receivable

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The balance sheet of Ryan and Peter's partnership as of December 31, 2018. Is glven below. Assets Liabilities Cash $17,000 Accounts Payable $15.000 Accounts Receivable 9000Other liabilities 25.000 Furniture 28,000Partners' Equity Equipment 40,000Ryan Capital Other assets 8.000 Peter Capital Total assets $102.000 Totallisbilities and partners' equity Ryan and Peter Share profits in the ratio 3:2. They louidate the partnership The furniture and equipment were sold for $10,000. The accounts receivable were collected in fullan written off as worthless. The cash balance remaining to pay the abilities is 517000 544.000

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