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, \$140,400, total liabilities, \$90,000, Turner, Capital, \$3.700, Roth, Capital, \$14,600, and Lowe, Capital, $32100. Cash received from selling the assets was sufficient to repay all but $34,000 to the creditors Exercise 12−14 Liquidation of limited partnership LO P5 Assume that the Turner, Roth, and Lowe partnership is a limited partnership. Tumer and Roth are general partners and Lowe is a limited partner. How much should each partner contribute to cover the remaining capital deficiency of $34,000 2
(Do not round intermediate. calculations. Losses and deficits amounts to be deducted should be entered with o minus sign.)