Item 1
The partnership agreement for Wilson, Pickett & Nelson, a general partnership, provided that profits or losses be shared between the partners in the ratio of their financial contributions to the partnership. Wilson contributed $135,000, Pickett contributed $81,000 and Nelson contributed $27,000. In the partnership's first year of operation, it incurred a loss of $243,000. What amount of the partnership's loss is allocated to Nelson?
Multiple Choice
$81,000
$60,750
$27,000
$0
$121,500
