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The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Picture Abrams, Bartle, and Creighton share profits and losses

The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet: Picture Abrams, Bartle, and Creighton share profits and losses in a ratio of 3:2:5. Liquidation expenses are expected to be $12,000. The noncash assets were sold for $134,000. Which partner(s) would have had to contribute assets to the partnership to cover a deficit in his or her capital account? 

  • Creighton. 
  • Bartle. 
  • Abrams and Bartle.
  • Abrams and Creighton. 
  • Abrams.

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