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Turner, Roth, and Lowe are partners who share income and loss in a $2$:$3$:$5$ ratio $($in percents: Turner, $20\%$; Roth, $30\%$; and Lowe, $50\%).$ The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $$159,600$; total liabilities, $$106,000$; Turner, Capital, $$5,300$; Roth, Capital, $$15,400$; and Lowe, Capital, $$32,900.$ The liquidation resulted in a loss of $$95,600.$

Required:

a$.$ Allocate the loss to the partners.

b$.$ Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency.

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Complete this question by entering your answers in the tabs below.

Allocate the loss to the partners.

Note: Losses and deficits should be indicated with a minus sign.

$\backslash$table$[[,$Turner,Roth,Lowe,Total$],[$Initial capital balances,,$$,5,300,,,$$$,15,400,,,$$$,32,900,$$$,53,600],[$Allocation of gains $($losses$),\frac{1}{3},x,19,120,\frac{1}{3},ox,,28,680,\frac{1}{3},x,,47,800,,95,600],[$Capital balances after gains $($losses$),,,6,580ox,,,$$$,9,870x,,,$$$,16,450,$$$,149,200]]$