C

$1,000

$1,000

$2,000

4,000

2,000

4,000

2,000

2,000

2,000

$7,000

$5,000

$8,000

If the partnership had not established special provisions for handling such items, the gain of $20,000 would have been allocated equally among the partners according to their current profit ratio of 2:2:2.

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