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 $150,000, Pickett contributed $90,000 and Nelson contributed $30,000. In the partnership's first year of operation, it incurred a loss of $256,500. What amount of the partnership's loss rounded to the nearest dollar, should be absorbed by Nelson? Multiple Choice O $28,500 $54,25 o oo S28250 B Shit N | M Help Save & Exit Henry, Luther, and Gage are dissolving their partnership. Their partnership agreement allocates each partner 1/3 of all income and losses The current period's ending capital account balances are Henry, $45,000, Luther, $37,000, and Gage, $(5,000). After all assets are sold and liabilities are paid, there is $77,000 in cash to be distributed Gage is unable to pay the deficiency. What amount of cash will Gage receive upon liquidation? Multiple Chile $30557 OOO $25,567 $20.667 AGEN 16:16 BOUT TD2GHUUUU JOUBONMUUUU