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, $108,000; total liabilities, $81,000; Brewster, Capital, $1,700; Conway, Capital, $9,775; and Ogden, Capital, $15,525. The cash proceeds from selling the assets were sufficient to repay all but $22,000 to the creditors.

How much of the remaining $22,000 liability should be paid by each partner?

Please help. Thanks

Never mind, this is the solution, I think:

Ogden does not owe anything
Balance Sheet
	ASSETS	LIABILITIES
		CAPITALS (OR EQUITY)
Total assets = Liabilities + Capitals
$108,000 = 81,000 + 27,000
now if the sale of assets covered all liabilites
except for $22,000, that means the assets
were sold for $59,000 and $0 was paid to
the partners.
Now Brewster will be liable for $22,000 x 1/6
			= $3,666.67
Conway will be liable for $22,000 x 5/6
		= $18,333.33

I was told that my answer is not correct. Could Someone help please.

Thank you,

Remember limited partner limited liability, GP unlimited liability.

Anyways I don't think they are testing business structure in BEC in 2011.