The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits be shared between the partners in the ratio of their financial 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, rounded to the nearest dollar, should be absorbed by Nelson? Multiple Choice $58,500 $117,000 $26,000 $78,000 $0