Question - 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 $80,000, Pickett contributed $48,000 and Nelson contributed $16,000. In the partnership's first year of operation, it incurred a loss of $198,000. What amount of the partnership's loss, rounded to the nearest dollar, should be absorbed by Nelson?
$49,500
$0
$66,000
$22,000
$99,000