Nancy and Betty enter into a partnership agreement whereby they undertake to share profits according to the following rules: (a) Nancy and Betty will receive a salary of $1,500 and $13,500 respectively. (b) The next allocation is based on 20% of the partner's capital balances. (c) Any remaining profit or loss is to be borne completely by Betty. The partnership's net income for the first year is $40,000. Nancy's capital balance is $90,000 and Betty's capital balance is $10,000 as at the end of the year. Calculate the share of profit/loss to be borne by Betty.