Liquidating Partnerships$$Deficiency

Prior to liquidating their partnership, Pepper and Russo had capital accounts of $$20,000$ and $$72,000,$ respectively. The partnership assets were sold for $$34,000.$ The partnership had no liabilities. Pepper and Russo share income and losses equally.

Required:

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

$fill in the blank $1$

b$.$ Determine the amount distributed to Russo, assuming that Pepper is unable to satisfy the deficiency.

$fill in the blank $2$