Question 6 (15 points): In establishing XYZ Partnership, three partners X, Y and Z contribute $500,000, $300,000 and $200,000 and they have an ownership of 50%, 30% and 20% respectively. In the coming financial year, XYZ Partnership has a total revenue of $800,000 and a total cost of $2,800,000. It is known that X, Y, Z have personal assets of $300,000, $200,000 and $1,200,000. What are the losses to be shared by X, Y and Z in addition to their initial capital contributions to XYZ Partnership?