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The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. Cash $ 62,000 Liabilities $

The following balance sheet is for a local partnership in which the partners have become very unhappy with each other. Cash $ 62,000 Liabilities $ 52,000 Land 240,000 Adams, capital 157,500 Building 230,000 Baker, capital 51,000 Carvil, capital 104,000 Dobbs, capital 167,500 Total assets $532,000 Total liabilities and capital $532,000 To avoid more conflict, the partners have decided to cease operations and sell all assets. Using this information, answer the following questions. Each question should be viewed as an independent situation related to the partnerships liquidation.

d.

Assume that profits and losses are allocated to Adams, Baker, Carvil, and Dobbs on a 1:3:4:2 basis, respectively. How much money must the firm receive from selling the land and building to ensure that Carvil receives a portion? (Do not round intermediate calculations.)Calculate the minimum amount of sale value.

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