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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

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 $130,000, Pickett contributed $78,000 and Nelson contributed $26,000. In the partnership's first year of operation, it incurred a loss of $238,500. What amount of the partnership's loss is allocated to Nelson?
Multiple Choice
$59,625
$26,500
$79,500
$0
$119,250
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