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The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

The following condensed balance sheet is for the partnership of Miller, Tyson, and Watson, who share profits and losses in the ratio of 6:2:2, respectively:

Cash $ 61,000 Liabilities $ 66,000
Other assets 161,000 Miller, capital 69,000
Tyson, capital 69,000
Watson, capital 18,000
Total assets $ 222,000 Total liabilities and capital $ 222,000

For how much money must the other assets be sold so that each partner receives some amount of cash in a liquidation?

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Other assets must be sold

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