Turner, Roth, and Lowe are partners who share income and loss in a 2:3:5 ratio (in percents: Turner, 20%; Roth, 30%; and Lowe, 50%). The partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $145,200; total liabilities, $94,000; Turner, Capital, $4,100; Roth, Capital, $14,800; and Lowe, Capital, $32,300. Cash received from selling the assets was sufficient to repay all but $36,000 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.