Utilizing the balance sheet below, allocate the debt as if it all went to Jeter as recourse debt:

Assets
Cash	250,000
Building	5,000,000
Acc. Depreciation	(1,265,823)
Land	1,000,000
Other Assets	50,000
TOTAL ASSETS	$ 5,034,177
Liabilities
Bank Loan	(5,200,000)
TOTAL LIABILITIES	(5,200,000)
Equity
Ruth Contributions	(450,000)
Ruth Distributions	500,000
Ruth Income Allocation	(8,544)
EQUITY RUTH	41,456
DiMaggio Contributions	(450,000)
DiMaggio Distributions	500,000
DiMaggio Income Allocation	(8,544)
EQUITY DIMAGGIO	41,456
Jackson Contributions	(450,000)
Jackson Distributions	500,000
Jackson Income Allocation	(8,544)
EQUITY JACKSON	41,456
Berra Contributions	(450,000)
Berra Distributions	500,000
Berra Income Allocation	(8,545)
EQUITY BERRA	41,455
Jeter Contributions	-
Jeter Distributions	-
Jeter Income Allocation	-
EQUITY JETER	-
TOTAL EQUITY	165,823
TOTAL LIABILITIES & EQUITY	$ (5,034,177)