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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 $ 48,000 Liabilities $ 46,000
Other assets 148,000 Miller, capital 66,000
Tyson, capital 66,000
Watson, capital 18,000
Total assets $ 196,000 Total liabilities and capital $ 196,000

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 2 for an amount less then for an amount over

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