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The partnership of Delk, Johnson, and Ruiz share profits and losses in the ratio of 4:3:3, respectively. The partners voted to dissolve the partnership when

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The partnership of Delk, Johnson, and Ruiz share profits and losses in the ratio of 4:3:3, respectively. The partners voted to dissolve the partnership when its assets, liabilities, and capital were as follows: Assets Liabilities and Equity $180,000 Liabilities Cash $130,000 750,000 Delk, Capital Other assets 360,000 Johnson, Capital 200,000 Ruiz, Capital 240.000 $930.000 Total Lia & Equity Total assets $930.000 The partnership will be liquidated over a prolonged period of time. As cash is available, it will be distributed to the partners. The first sale of noncash assets having a book value of $350,000 realized $225,000. REQUIRED: How much cash should be distributed to each partner after this sale

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