Sequence the steps in dealing with a guarantee of minimum profit to a partner when their calculated share of profit is less than the guaranteed amount:
1. Calculate the guaranteed partner's share of profit as per the agreed profit sharing ratio.
2. Distribute the remaining profit among the guaranteeing partners in their agreed ratio (or the ratio for bearing deficiency).
3. Calculate the deficiency by comparing the guaranteed amount with the actual share of profit.
4. Determine which partner(s) will bear the deficiency and adjust their share of profit accordingly.