Turner, Roth, and Lowe are partners who share income and loss in a 1:3:6 ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $128,000; total liabilities, $96,000; Turner, Capital, $1,100; Roth, Capital, $7,975; and Lowe, Capital, $22,925. The cash proceeds from selling the assets were sufficient to repay all but $29,500 to the creditors. (a) Calculate the gain (loss) from selling the assets.

(b)

Allocate the gain (loss) to the partners. (Do not round intermediate calculations. Losses and deficits should be indicated with a minus sign.)

(c)	Determine the amount of the remaining liability to be paid by each partner. (Do not round intermediate calculations.