Homework Answers
| Total Capital balance | 147000 | =56000+91000 |
| Total assets | 153000 | =147000+6000 |
| Gain on sale of Assets | 12000 | =165000-153000 |
| Todd Capital | 56000 | |
| Add: Share of gain | 6000 | =12000*50% |
| Amount received by Todd | 62000 |
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