Liquidating Partnerships$$Deficiency

Prior to liquidating their partnership, Underwood and Bain had capital accounts of $$9,000$ and $$37,000,$ respectively. The partnership assets were sold for $$18,000.$ The partnership had no liabilities. Underwood and Bain share income and losses equally.

Required:

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

$fill in the blank $1$

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

$fill in the blank $2$