Prior to liquidating their partnership, Perkins and Dunn had capital accounts of $58,000 and $105,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of those assets. These partnership assets were sold for $145,000. The partnership had $7,000 of liabilities. Perkins and Dunn share income and losses equally. Determine the amount received by Dunn as a final distribution from liquidation of the partnership.
