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, 20%; Roth, 30%; and Lowe, 50%). The partners decide to liquidate the partnership Immediately before liquidation, the partnership balance sheet shows total assets, $154,800; total liabilities, $102,000: Turner, Capital, $4,900, Roth, Capital $15,200, and Lowe, Capital, $32,700. The liquidation resulted in a loss of $92,800 Assume that the Turner, Roth, and Lowe partnership is a limited partnership Turner and Roth are general partners. Lowe is a limited partner, meaning any remaining deficiency in Lowe's capital account is covered by Turner and Roth Determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Capital balances atter pains flossen) Turner $ 4 900 Roth $ 15,200 Lowe $ 32,700 S Total 52.800 Initial capital balances Allocation of gains (losses) Capital balance after gains (lossen) Allocation of Lowe's Deficit to Turner and Roth Turner Roth Lowe Total CD Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners. Lowe is a limited partner, meaning any remaining deficiency in Lowe's capital account is covered by Turner and Roth Determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency (Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.) Capital babice for anton (los) Roth 5 15.200 5 Lowo Total 5 32.700 5 52,800 4.900 Initial capital balances Allocation of gains (losses) Capital balances after gains (losses) Allocation of Lowe's Deficit to Tamer and Roth Turner Roth Low Total Allocation of Lowe's deficit to Tumer and Roth Capital balances after deficit allocation Amount to be repaid to partnership