Required 1 GJ Required 1 Inventory Required 3 Required 2 GJ Required 4 Required 2 Inventory. Required 3 Inventory Required 4 Inventory G] GJ Complete the schedule allocating the gain or loss on the sale of inventory is $453,600. Step 1) Determination of Gain (Loss) Proceeds from the sale of inventory Inventory cost | $ 453,600 Step 2) Allocation of the gain (Loss) to the Partners. KENDRA Initial capital balances $ 75,300 Allocation of gains (losses) Capital balances after gains (losses) $ 75,300 COGLEY $ 169,425 MEI 131,775 Total 376,500 $ $ $ 169,425 $ 131,775 $ 376,500 Doquired Doamrod 20 Required 1 Inventory Required 1 GJ Required 2 Inventory Required 2 | Required 3 GJ Inventory Required 3 GJ Required 4 Inventory Required 4 GJ Complete the schedule allocating the gain or loss on the sale of inventory is $358,200 and any partners with capi amount of their deficits. Step 1) Determination of Gain (Loss) Proceeds from the sale of inventory Inventory cost $ 358.2001 Step 2) Allocation of the Gain (Loss) to the Partners. KENDRA Initial capital balances $ 75,300 Allocation of gains (losses) Capital balances after gains (losses) $ 75,300 C OGLEY $ 169,425 MEI 131,775 Total 376,500 $ $ $ 169,425 $ 131,775 $ 376,500