Given the following information, can you show me what a constructive liquidation would look like if Jeter
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Question:
Given the following information, can you show me what a constructive liquidation would look like if Jeter guarantees all the debt?
Assets | Ending |
Cash | 3,250,000 |
Building | 17,165,823 |
Acc. Depreciation | (1,804,806) |
Land | 1,000,000 |
Other Assets | 50,000 |
TOTAL ASSETS | 19,661,017 |
- | |
Liabilities | - |
Bank Loan | (5,200,000) |
TOTAL LIABILITIES | (5,200,000) |
- | |
Equity | - |
- | |
Ruth Contributions | (450,000) |
Ruth Distributions | 500,000 |
Ruth Income Allocation | (8,544) |
Ruth Equity | (2,892,203) |
- | |
DiMaggio Contributions | (450,000) |
DiMaggio Distributions | 500,000 |
DiMaggio Income Allocation | (8,544) |
DiMaggio Equity | (2,892,203) |
- | |
Jackson Contributions | (450,000) |
Jackson Distributions | 500,000 |
Jackson Income Allocation | (8,544) |
Jackson Equity | (2,892,203) |
- | |
Berra Contributions | (450,000) |
Berra Distributions | 500,000 |
Berra Income Allocation | (8,545) |
Berra Equity | (2,892,203) |
- | |
Jeter Contributions | (3,000,000) |
Jeter Distributions | - |
Jeter Income Allocation | - |
Jeter Equity | (2,892,203) |
- | |
TOTAL EQUITY | (14,461,017) |
- | |
TOTAL LIABILITIES & EQUITY | $(19,661,017) |
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