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The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this

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The partnership of Frick, Wilson, and Clarke has elected to cease all operations and liquidate its business property. A balance sheet drawn up at this time shows the following account balances: Cash Noncash assets $ 64,000 249,000 Liabilities Frick, capital (604) Wilson, capital (208) Clarke, capital (209) Total liabilities and capital $ 38,000 150,000 40,000 85,000 $313,000 Total assets $313,000 Part A Prepare a predistribution plan for this partnership. Required A Required B Required a Prepare a predistribution plan for this partnership. Frick, Capital Wilson, Capital Clarke, Capital O 0 0 Beginning balances Assumed loss of Schedule 1 Step one balances Assumed loss of Schedule 2 Step two balances Assumed loss of Schedule 3 Step three balances 0 0 0 0 0

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