X and Y are equal partners in the XY Partnership and share profits and losses accordingly. At the end of 20X1, the partnership's capital accounts reflect the following numbers due to a special allocation of depreciation:

Capital X = ($20,000)

Capital Y = $60,000

All the assets are sold for $40,000. How will the liquidation affect X if the special allocation is to be respected?

X contributes $20,000 and receives $30,000

X contributes $20,000 and receives nothing

X contributes nothing

X receives nothing