DE12-7 Lawson, Martinez, and Edwards have capital balances of $20.000. $30.000. and $50,000, respectively. The partners share profits and losses as follows:

a. The first $40,000 is divided based on the partners' capital balances.

b. The next $40,000 is based on service. equally shared by Lawson and Edwards.

c. The remainder is divided equally. Compute each partner's share of the business's $140,000 net income for the year.