Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percents: Turner, 10%, Roth, 40%, and Lowe, 50m ), The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance, sheet shows total assets, \$126,000; total liabilities, $78,000; Turner, Capital, \$2,500; Roth, Capital, \$14,000; and Lowe. Capital, $31,500. The liquidation resulted in a loss of $76,000. Exercise 12-13 (Static) Liquidation of partnership LO P5 Required: a. Allocate the loss to the partners. b. 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. Allocate the loss to the partners. (L.0sses and deficti should be indicated with a minus aiga) Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below] Tumer, Roth, and Lowe are partners who share income and loss in a 1.4:5 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, \$126,000, total liabilities, $78,000; Tumer, Capital, \$2,500, Roth. Capital, \$14,000; and Lowe, Capital, $31,500. The liquidation resulted in a loss of $76,000. Exercise 12-13 (Static) Liquidation of partnership LO P5 Required: o. Allocate the loss to the partners. b. 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. Determine how much each partner should contribute to the partriership to cover any remaining capital deficiency