P2- The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the partners in the ratio of their financial contributions to the $90,000, Pickett contributed $60,000 and operation, it incurred a loss of $120 partner's capital by showing the ending balance for the year (I polnt). partnership. Wilson contributed Nelson contributed $30,000. In the partnership's first year of 000. Caleulate the effeet of this first year operation on the each