The partnership agreement gives Tsang 60% and Breck 40% of partnership incomes or losses. The partnership had a net loss of $27,000. Tsang's share of the loss was $16,200. Breck's share was $10,800.

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The partnership agreement specifies that Tsang receives 60% and Breck 40% of any income or loss. 60% of $27,000 is $16,200, and 40% is $10,800, which matches their respective shares of the loss.

The Partnership Agreement Gives Tsang 60% and Breck 40% of Partnership