I need help with these problems please

Question 13 (3 points) The partnership of Wingler, Norris Rodgers and Guthrie was formed several years ago asa architectural firm. Several partners recently had personal financial problems and decided to terminate operations and liquidate the business. The following balance sheet summarize its financial information on January 5 at the beginning of this process: Cash Accounts Receivable Inventory Land Building and Equipment inet) Total Awets $17.000 80 000 100,000 57.000 19.00 447,000 Liabilities Rodgers Loan Wingler, Capital Norris Capital Rodgers Capital Guthrie, Capital Total liabilities and Capital $79,000 25,000 141,000 100,000 62,000 40.00 447,000 18000 The estimated liquidation expenses were Profit and loss allocation ratio according to the provisions of partnership agreement Wingler 40% Norris 20% Rodgers 10% Guthrie 30% The following transactions occurred during the liquidation Jan. 14 Collected 70% of the total accounts receivalbe with the rest judged to be uncollectible 70% Feb. 23 Sold the land, building and equipment for 180,000 Mar. 1 Made safe capital distributions Mar.29 Learned that Guthrie became personally insolvent Apr. 3 Paidallibilities Jun 30 Soldat inventory for 55.000 AL 1 Made sale capital distributions in Sep. 26 Paid liquidation expenses 15,000 Nov. 4 Made final cash distrubtions to the partners based on the assumption that all partners except Guthrie are personally solvent In its loss simulation schedule, what is the amount of assumed loss in step 1? $132,070 $134,050 $130,000 The partnership of Wingler, Norris, Rodgers, and Guthrie was formed several years ago as a architectural firm. Several partners recently had personal financial problems and decided to terminate operations and liquidate the business. The following balance sheet summarized its financial information on January 5 at the beginning of this process: Cash Accounts Receivable Inventory Land Building and Equipment (net) Total Asserts $17,000 80,000 100,000 57,000 193.000 447.000 Liabilities Rodgers Loan Winkler, Capital Norris Capital Rodgers Capital Guthrie, Capital Total Liabilities and Capital $79,000 25.000 141,000 100,000 62,000 400 447,000 18,000 40% The estimated liquidation expenses were Profit and loss alocation ratio according to the provisions of partnership agreement Wingler Norris 20% Rodgers 10% Guthrie Bos The following transactions occurred during the liquidation: Jan. 14 Collected 70% of the total accountsreceivabe with the rest judged to be uncollectible 70% Feb. 23 Sold the land, building and equipment for 180,000 Mar. 1 Made safe capital distributions Mar.29 Learned that Guthrie became personally in solvent Apr. 3 Paidallibilities Jun 30 Sold all inventory for 55,000 All Made safe capital distributions again Sep. 26 Paid liquidation expenses 15,000 Nov. 4 Made final cash distrubtions to the partners based on the assumption that all partners except Guthrie e personally solvent In its loss simulation schedule, what is the amount of assumed loss in step 2? $130,070 $153,417 $120,880 $154.000