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The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of

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The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of their financial contributions to the partnership. Wilson contributed $145,000, Pickett contributed $87,000 and Nelson contributed $29,000. In the partnership's first year of operation, it incurred a loss of $252,000. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson? Multiple Choice $126,000 $84.000 $28,000 $0 $63,000

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