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The partners of Alice, Rose & Lauren LLP decided to liquidate on April 1, 2022. The balance sheet of the partnership is as follows, with

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The partners of Alice, Rose \& Lauren LLP decided to liquidate on April 1, 2022. The balance sheet of the partnership is as follows, with the profit and loss ratio of 30%, 40%, and 30%, respectively. During April, $124,000 of accounts receivable was collected and the remainder is deemed uncollectible. A total of $128,000 was paid to accounts payable, after receiving a $23,000 credit memo from a creditor. $6,300 of liquidation expense was paid in April. The partnership estimate that future liquidation expense will amount to $ 7,500 . Requirements: Requirements: (1) What are the capital balances of each partner after considering their loans from/to the partnership (i.e., the capital balances right after loan adjustments)? (3 points; one point each) Answers: (2) Calculate the amount of actual loss and potential loss. (5 points; 2.5 points each) Answers: Actual Loss= A Potential Loss = (3) Regardless of your previous answers, assume that after loan adjustments and allocation of actual and potential losses, the following capital balances are reported. Note that we assume Alice has a deficit here

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