Problem $5($Recommended: review slides $24-32)$

A$.$ The Abrams, Bartle, and Creighton partnership began the process of liquidation with the following balance sheet:

Abrams, Bartle, and Creighton share profits and losses in a ratio of $3$:$2$:$5.$ Liquidation expenses are expected to be $\backslash (\backslash$$ $12,000\backslash ).$

$1.$ If the non$-$cash assets were sold for $\backslash (\backslash$$ $234,000\backslash ),$ what amount of the loss would have been allocated to Bartle?

$2.$ If the non$-$cash assets were sold for $\backslash (\backslash$$ $134,000\backslash ),$ which partner$($s$)$ would have had to contribute assets to the partnership to cover a deficit in his$/$her capital account?

$3.$ After the liquidation expenses of $\backslash (\backslash$$ $12,000\backslash )$ were paid and the non$-$cash assets sold, Creighton had a deficit of $\backslash (\backslash$mathbf$\{\backslash$$ $8,000\}\backslash ).$ For what amount were the non$-$cash assets sold?