Turner, Roth, and Lowe are partners who share Income and loss in a 1:4:5 ratio. After lengthy disagreements among the partners and several unproftable periods, the partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $162,000; total liabilitles, $108,000; Turner, Capital, $5,500; Roth, Capital, $15,500; and Lowe, Capital, $33,000. The cash proceeds from selling the assets were sufficlent to repay all but $43,000 to the creditors Required: a. Calculate the loss from selling the assets. b. Allocate the loss from part ato the partners. c. Determine how much, If any, each partner should contribute to the partnership to cover any remaining capital deficiency. Complete this question by entering your answers in the tabs below. Required A Required B Required C Allocate the loss from part a to the partners. (Losses and defioits should be indicated with a minus sign.) Tuner Roth Lowe Total Initial capital balances $ 5,500 $ 15,500 33,000 S 54,000 Allocation of gains (losses) 1/10 4/10 5/10 0 Capital balances after gains (losses) Required A Required C