Nancy and Peter enter into a partnership and decide to share profits and losses as follows: 1. The frst allocation is a salary allowance with Nancy receiving $13,000 and Peter receiving $11,000 2. The second allocation is 15% of the partners' capital balances at year end on December 31, 2019, the capital balances for Nancy and Peter are $82,000 and $18,000, respectively 3. Any remaining profit or loss is allocated equally For the year ending December 31, 2019, the partnership reported a net loss of $147,000. What is Peter's share of the net loss? $67 700 $13,700 $54,000 $5,800