Turner, Roth, and Lowe are partners who share Income and loss In a 23:5 ratio (In percents: Turner, 20%; Roth, 30%, and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquldation, the partnership balance sheet shows total assts, $159,600; total liabilities, $106,000; Turner, Capital, $5,300; Roth, Capital, $15,400; and Lowe, Capital, $32,900. Cash recelved from selling the assets was sufficlent to repay all but $42,000 to the creditors. Required: 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. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the loss from selling the assets. Liabilities before liquidation Proceeds from sale of assets (paid to oreditors) Remaining liabilities Proceeds from sale of assets Book value of assets sold Allocate the loss from part a to the partners. (Losses and deficits should be indicated with a minus sign.) Turner Total Roth Lowe Initial capital balances 5,300 15,400 53,600 32,000 Allocation of gains (losses) Capital balances after gains (losses) Requireu A Determine how much each partner should contribute to the partnership to cover any remaining capital deficiency. Total Lowe Turner Roth Amount to be contributed to the partnership