Prior to liquidating their partnership, Underwood and Morrison had capital accounts of $12,000 and $51,000, respectively. The partnership assets were sold for $25,000. The partnership had no liabilities. Underwood and Morrison share income and losses equally.

Required:

a. Determine the amount of Underwood's deficiency. $fill in the blank 1

b. Determine the amount distributed to Morrison, assuming that Underwood is unable to satisfy the deficiency. $fill in the blank 2