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Accounting

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The CDG Carlos, Dan, and Gail Partnership has decided to liquidate as of December 1, 20X6. A balance sheet on the date follows: CDG PARTNERSHIP Balance Sheet At December 1, 20X6 s 29.500 Propety Plant and Equment e 540.500 283 500 Accounts Payable Capta Total Capta Total Liabilities and Capital 1 Each partner's assets (excluding partnership capital interests) and personal liabilities of each partner as of December 1, 20x6, follow Perponal assets 259000 $309000 359.000 Personal labiles (23500) 23.5001 (334 300) Personal net woh 24500 73,500 24700 2 Carlos, Dan, and Gail share profits and losses in the ratio 20:40:40. CDG sold all noncash assets on December 10, 20X6, for $267,500. Required a Prepare a statement of realization and liquidation for the CDG Partnership on December 10, 20X6. (Do not round your intermediate calculations. Round your final answers to the nearest whole dollar.) Lump-4um Liquidiation on December 10, 20006

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