The Partnership Agreement for Wilson,Pickett & Nelson,a General Partnership,provided That

Multiple Choice

The partnership agreement for Wilson,Pickett & Nelson,a general partnership,provided that profits be shared between the partners in the ratio of their financial contributions to the partnership.Wilson contributed $100,000,Pickett contributed $50,000 and Nelson contributed $50,000.In the partnership's first year of operation,it incurred a loss of $110,000.What amount of the partnership's loss,rounded to the nearest dollar,should be absorbed by Nelson?

A) $50,000
B) $27,500
C) $36,667
D) $0
E) $40,000