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The But, Clemente, Devian, and Toussaint partnership has terminated operations and is undergoing liquidation. Sales commissions and other liquidation expenses are expected to total $19,000.

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The But, Clemente, Devian, and Toussaint partnership has terminated operations and is undergoing liquidation. Sales commissions and other liquidation expenses are expected to total $19,000. The parthership's balance sheet prior to the commencement of liquidation is as follows: Required: Prepare a precistribution plan for this partnership. Complete this question by entering your answers in the tabs below. Prepare the table showing partner balances. Note: Amounts to be deducted should be entered with a minus sign. Prepare the loss allocation table

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