1. PE.12-01.ALGO 2. PE.12-02.ALGO 3. PE.12-03.ALGO Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Callie and Bain had capital accounts of $12,000 and $45,000, respectively. The partnership assets were sold for $21,000. The partnership had no liabilities. Callie and Bain share income and losses equally. Required: a. Determine the amount of Callie's deficiency. 4. PE.12-4.ALGO 5. PE.12-05.ALGO $ 6. PE.12-06.ALGO b. Determine the amount distributed to Bain, assuming Callie is unable to satisfy the deficiency. $