Brewster, Conway, and Ogden are partners who share income and loss in a 1:5:4 ratio. Brewster and Conway are general partners and Ogden is a limited partner. After lengthy disagreements among the partners and several unprofitable periods, the partners decide to liquidate the partnership. Immediately before liquidation, the partnership balance sheet shows total assets, $117,000; total liabilities, $87,750; Brewster, Capital, $1,600; Conway, Capital, $11,600; and Ogden, Capital, $16,050. The cash proceeds from selling the assets were sufficient to repay all but $20,500 to the creditors.
Required:
How much of the remaining $20,500 liability should be paid by each partner?