Liquidating Partnerships-Deficiency Prior to liquidating their partnership, Jolly and Russo had capital accounts of $14,000 and $56,000, respectively. The partnership assets were sold for $28,000. The partnership had no liabilities. Jolly and Russo share income and losses equally Required: a. Determine the amount of Jolly's deficiency b. Determine the amount distributed to Russo, assuming Jolly is unable to satisfy the deficiency