The partnership agreement for Wilson, Pickett \& Nelson, a generai partnership, provided that profits or losses be shared between the partners in the ratio of their financlal contributions to the partnership. Wilson contributed $125,000. Pickett contributed $75,000 and Nelson contributed $25,000. In the partnership's first year of operation. It incurred a loss of $234.000. What amount of the partnership's loss is allocated to Neison? Multiple Choice $0 $58.500 $117,000 $78.000 $26,000