Tuttle, Ritter, and Lee are partners who share income and loss in a 1:4:5 ratio. After lengthy dis¬ agreements among the partners and several unprofitable periods, the partners decided to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows: total assets, $116,000; total liabilities, $88,000; Tuttle, Capital, $1,200; Ritter, Capital, $11,700; and Lee, Capital, $15,100. The cash proceeds from selling the assets were sufficient to repay all but $24,000 to the creditors,

(a) Calculate the loss from selling the assets.

(b) Allocate the loss to the partners,

(c) Determine how much of the remaining liability should be paid by each partner.