Lquidating Partuerships-Deficiency Prior to liquidating their partnership, Jacobs and Sanchez had capital accounts of $320,000 and $424,000, respectively. The parthership assets were sold for $52,000. The partnership had no liabilities, Jacobs and Sanchez share income and losses equaliy. Required: a. Determine the amount of Jacobs's deficiency. 1. b. Determine the amount distributed to Sanchez, assuming that Jacobs is unable to satisty the deficiency