Question: Please help 4. (20 pts) Ruff, Tuff, and Duff are parners sharing profits and losses 30/30/40 respectively. Their balance sheet is below: Cash $200,000 Payables

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Please help 4. (20 pts) Ruff, Tuff, and Duff are
4. (20 pts) Ruff, Tuff, and Duff are parners sharing profits and losses 30/30/40 respectively. Their balance sheet is below: Cash $200,000 Payables to Creditors $240,000 Receivable from Ruff 10,000 Payable to Tuff 40,000 Property & Equipment 500,000 Ruff, Capital 180,000 Tuff, Capital 100,000 Duff, Capital 150,000 $710,000 $710,000 Prepare a Cash-Predistribution Schedule, assuming $30,000 of liquidation expenses

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