Problem VII: The partnership of Allen, Brett, and Carter decided to liquidate. They share all gains and losses by a ratio of 2:1:1. After selling off the non-cash assets and allocating all gains and losses based on those sales, Allens capital balance was $40,000, Bretts was $80,000; Carter though had a capital deficit of ($24,000). Assuming Carter doesnt provide $24,000 to wipe away his deficit how should it be handled?

A) Allen should absorb $12,000 and Brett should absorb $12,000

B) Allen should absorb $8,000 and Brett should absorb $16,000

C) Allen should absorb $16,000 and Brett should absorb $8,000

D) Allen should absorb $18,000 and Brett should absorb $6,000 ___________