Nancy and Peter enter into a partnership and decide to share profits and losses as follows 1 The first allocation is a salary allowance with Nancy receiving $16,000 and Peter receiving $14,000 2 The second allocation is 20% of the partners' capital balances at year end. On December 31 3 Any remaining profit or loss is allocated equally the captal blances for Nancy , 2019, the capital balances for Nancy and Peter are S 8,000 and $25,000 For the year ending December 31, 2019, the partnership reported a net loss of $95,000 What is Peter's share of the net loss? OA. $40,200 OB. $7,300 O C. $21,200 O D. $19,000