Question: Chapter 11 Assignment (605) 0 Saved Help Save a Exit Jake, Sacha, and Brianne own a tour company called Adventure Sports. The partners share prot



Chapter 11 Assignment (605) 0 Saved Help Save a Exit Jake, Sacha, and Brianne own a tour company called Adventure Sports. The partners share prot and losses in a 1:3:4 ratio. After 6 lengthy disagreements among the partners and several unprofitable periods, the friends decided to liquidate the partnership. Before the liquidation, the partnership balance sheet showed total assets, $254,900; total liabilities, $213,000; Jake, Capital, $9,300; Sacha, Capital, $11,300; and Brianne, Capital, $21,300. The cash proceeds from selling the assets were sufficient to repay all but $58,000 to the creditors. Evita Calculate the loss from selling the assets. (Round the nal answers to the nearest dollar.) eBook Prim Allocate the loss to the partners. (Round the nal answers to the nearest dollar. Negative amounts should be indicated by minus sign.) Almlmnm ___
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