Required information The following information applies to the questions displayed below) Turner, Roth, and Lowe are partners who share income and loss in a 1:45 ratio (in percents: Turner, 10% Roth. 40% and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $174.000; total liabilities. $118,000. Turner, Capital 500 Roth, Capital, S16000 and Lowe, Capital, $33,500 Cash received from selling the assets was sufficient to repay al but $48,000 to the creditors. Required: a. Calculate the loss from selling the assets b. Allocate the loss from part a to the partners c. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency Complete this question by entering your answers in the tabs below. Required A Required Required Calculate the loss from selling the assets. UM Required information L. VER TOW MUCITedir parler SUI CU W POUR CUVE LOUNY Complete this question by entering your answers in the tabs below. Required A Required B Required 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 > HEVEU. Check my work Required information L. Drew more pan UU Rewure po wydmy cap Complete this question by entering your answers in the tabs below. Required A Required B Required Allocate the loss from part a to the partners. (Losges and delicis should be indicated with a minus sign) Lowe Turner $ 6 500 Roth 5 15.000 Total 56,000 $ Initial capital balances 33.500 5 Allocation of gains (losses) Capital balances after gains (losses) 093 Next > 17 18 of 19 !!!