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, $$174,000$; total liabilities, $$118,000$; Turner, Capital, $$6,500$; Roth, Capital, $$16,000$; and Lowe, Capital, $$33,500.$ The liquidation resulted in a loss of $$104,000.$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, $$174,000$; total liabilities, $$118,000$; Turner, Capital, $$6,500$; Roth, Capital, $$16,000$; and Lowe, Capital, $$33,500.$ The liquidation resulted in a loss of $$104,000.$

Exercise $12-14($Algo$)$ Liquidation of limited partnership LO P$5$

Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners. Lowe is a limited partner, meaning any remaining deficiency in Lowe's capital account is covered by Turner and Roth. Determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency.

Note: Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.

$\backslash$table$[[$Capital balances after gains $($losses$)],[$Initial capital balances,Turner,Roth,Lowe,Total$],[,$$$,6,500,,$$$,16,000,,$$$,33,500,$$$,56,000],[$Allocation of gains $($losses$),\frac{1}{10},,,\frac{4}{10},,,\frac{5}{10},,0,],[$Capital balances after gains $($losses$),,,,,$$$,0,$$$,56,000],[$Allocation of Lowe's Deficit to Turner and Roth$],[,$Turner,Roth,Lowe,Total$],[$Allocation of Lowe's deficit to Turner and Roth$],[$Capital balances after deficit allocation,,$$,0,,$$$,0,,,,$$$,0],[$Amount to be repaid to partnership,,,,,,,,,,$$,0]]$

Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Turner and Roth are general partners. Lowe is a limited partner, meaning any remaining deficiency in Lowe$$s capital account is covered by Turner and Roth. Determine how much, if any, each partner should contribute to the partnership to cover any remaining capital deficiency.

Note: Do not round intermediate calculations. Losses and deficits amounts to be deducted should be entered with a minus sign.