Required information {The following information applies to the questions displayed below} Turner, Roth, and Lowe are partners who share income and loss in a 23:5 ratio [in percents: Turner, 2095; Roth, 30%; and Lowe, 50%]. The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $150,000; total liabilities, $98,000; Turner, Capital, $4,500; Roth, Capital, $15,000; and Lowe, Capital, $32,500. Cash received from selling the assets was sufficient to repay all but $38,000 to the creditors. Required: a. Calculate the loss from selling the assets. b. Allocate the loss from part ate the partners. 1:. Determine how much each partner should contribute to the partnership to cover any remaining capital deciency. Complete this queslion by entering wur answers in the labs below. Required C Required ii H Required B Calculate the loss from selling the assets. Liabilities before liquidation Proceeds from sale of assets {paid to creditors} Remaining liabilities Proceeds from sale of assets Book value of assets sold Required B >