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3. Data from a partnership's records : PARTNERS CAPITAL Smash P/L Snapp P 150,000 at Burst 250, 000 100, 000 4 Burst sold /2 of his interest to Snapp for $70,000 . a . Determine the adjusted P/L - each partner after the sale of interest. 6 . what are the capital balances of each of the partners after the sale of interest ? 4. Data for EFG Partnership undergoing liquidation " Cash $ 40,000 Other assets 140,000 Liabilities 70 000 E, Capital 60%. 50,000 f, Capital 20f 50,000 9 Capital Lot 10,000 a . If other assids were sold for $80 000, how much would to receive from final cash distribution, assuming all partners are solvent.? 8. Sinswer same question as in no letter a above except that any deficient partner is insolvent