Liquidating An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.PartnershipsThe debit balance in the owner's equity account of a partner.Deficiency

Prior to liquidating their partnership, Underwood and Haines had capital accounts of $30,000 and $117,000, respectively. The partnership assets were sold for $59,000. The partnership had no liabilities. Underwood and Haines share income and losses equally.

a. Determine the amount of Underwood's deficiency. $

b. Determine the amount distributed to Haines, assuming Underwood is unable to satisfy the deficiency. $