At the end of 2013, the partnership of Piatta, Ragoo, and Sauss was dissolved. By February 1, 2014, all assets had been converted into cash and all partnership liabilities were paid. The partnership balance sheet on February 1, 2014 (with partner residual profit and loss sharing percentages) was as follows:
Required:
Prepare the final statement of partnership liquidation.
Definitions:
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