The Summarized Balances of the Accounts of MNO Partnership on December

The summarized balances of the accounts of MNO partnership on December 31, 2014, are as follows: $\begin{array}{lrlr}\text { Assets }&&\text { Liabilities and Capital }\\\text { Cash } & \$ 15,000 & \text { Liabilities } & \$ 15,000 \\\text { Noncash } & 90,000 & \text { M, Capital } & 45,000 \\& & \text { N, Capital } & 30,000 \\& & \text { O, Capital } & 15,000 \\\hline\text { Total Assets } & \$ 105,000 &\text { Total Equities }& \$ 105,000\end{array}$ The agreed upon profit/loss ratio is 50:40:10, respectively.Using the information given above, which one of the following amounts, if any, is the loss absorption potential of partner N as of December 31, 2014?

A) $20,000
B) $35,000
C) $75,000
D) $120,000