artners Able, Baker, and Chapman have the following personal assets, personal liabilities, and partnership capital balances: Able Baker Chapman Personal assets $30,000 $ 80,000 $60,000 Personal liabilities 25,000 50,000 72,000 Capital balances 50,000 (32,000) 70,000 Assume profits and losses are allocated equally. If Baker is in bankruptcy and is able to make a contribution, the capital balance for Able would be $49,610 $50,000 $49,000 $48,000