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(answered) – 1) A local dental partnership has been liquidated and the final

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(answered) – 1) A local dental partnership has been liquidated and the finalDescriptionSolution downloadThe Question1) A local dental partnership has been liquidated and the final capital balances are as follows:Atkinson, capital (40% of all profits and losses) ? ? ? ?$76,000Kaporale, capital (30%) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 36,000Dennsmore, capital (20%) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? (49,000)Rasputin, capital (10%) ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?(63,000)If Rasputin contributes additional cash of $21,000 to the partnership, what should happen to it? (Do not round intermediate calculations.)Atkinson Kaporale Dennsmore RasputinCash distributionCapital AccountCash contributionCapital BalanceAtkinson KaporaleDennsmore Rasputin7600036000-49000-63000210007600036000-49000-42000If a partner with a capital deficiency is unable…