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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$46,000Liabilities$50,000Other assets146,000Miller, capital63,000Tyson, capital63,000Watson, capital16,000Total assets$192,000Total liabilities and capital$192,000

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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