Partnership Liquidation: Deficient Partner Partners A,B, & C share Profits and Losses in the ratio of: 1:2:4. The Partners Capital Account Balances after recognizing the loss on the disposition of the non-cash assets and paying off the liabilities are as follows: A Cap 20,000; B Cap 15,000; C Cap (12,000) Partner C is poor and doesnt have any money to bring in for his deficit. Partners A & B Absorb C's loss: REQUIRED: Record the Journal Entry for the Absorption of C's Loss by Partners A & B. T T T Arial 312pt) T Me