Turner, Roth, and Lowe are partners who share income and loss in a 1:4:5 ratio (in percents: Turner, 10%; Roth, 40%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $142,800; total liabilities, $92,000; Turner, Capital, $3,900; Roth, Capital, $14,700; and Lowe, Capital, $32,200. Cash received from selling the assets was sufficient to repay all but $35,000 to the creditors.

a. Calculate the loss from selling the assets. b. Allocate the loss from part a to the partners. c. Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency.