_____ On 1/1/06, the partners of Cobb, Davis, and Eddy, who share profits and losses in the ratio of 5:3:2, respectively, decided to liquidate their partnership. On this date, the partnership condensed balance sheet was as follows:

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The Answer of _____ On 1/1/06, the partners of Cobb, Davis, and Eddy, who share profits and losses in the ratio of 5:3:2, respectively, decided to liquidate their partnership. On this date, the partnership condensed balance sheet was as follows:

_____ on 1/1/06, the Partners of Cobb, Davis, and Eddy