Question: A local partnership is to be liquidated. Commissions and other liquidation expenses are expected to total $19,000. The businesss balance sheet prior to the commencement

A local partnership is to be liquidated. Commissions and other liquidation expenses are expected to total $19,000. The business’s balance sheet prior to the commencement of liquidation is as follows:

A local partnership is to be liquidated. Commissions and other liquidation expenses

Prepare a predistribution plan for this partnership.

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