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The ledger shows the following account balance information for Creekville Partnership. Income ratios are 2:4:4 for Harriet, Mike, and Elly, respectively. Assume that, as part

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The ledger shows the following account balance information for Creekville Partnership. Income ratios are 2:4:4 for Harriet, Mike, and Elly, respectively. Assume that, as part of liquidation proceedings, Creekville sells its noncash assets for $85,000. The amount of cash that would ultimately be distributed to Elly would $48,000. $34,000. $86,000. $52,000

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