1. Compute the partnership's net income. 2. Determine each partner's share of income assuming the partners did not agree on a plan and therefore share income equally. 1. Partnership net income 2. Each partner's share of net income Price, Waterhouse, and Coopers complete their first year of business as a partnership. The partners offer auditing, tax, and advisory services. Use the Tableau Dashboard to determine allocation of income. Owner Initial Investments Waterhouse Price Price Coopers Initial Investment: $20,000 - Price, Waterhouse, and Coopers complete their first year of business as a partnership. The partners offer auditing, tax, and advisory services. Use the Tableau Dashboard to determine allocation of income. Owner Initial Investments Waterhouse es Waterhouse Initial Investment: $30,000 Price Coopers oncos Check heir first year of business as a partnership. The partners offer auditing, tax, and advisory ermine allocation of income. Initial Investments Coopers Initial Investment: $50,000 Coopers Expenses Save & EXIT Check Coopers Revenues Expenses $175,000 BOK $150,000 Salaries expense $125,000 Supplies expense rences Revenues Advisory services revenue: $130,000 $100,000 Advertising expense Insurance expense $75,000 $50,000 Rent expense $25,000 $0 Tax services revenue Advisory services Auditing revenue revenue Neyt Coope 5 Revenues Expenses $175,000 $150,000 Salaries expense Revenues Auditing revenue: $165,000 $125,000 Supplies expense $100,000 Advertising expense Insurance expense $75,000 $50,000 Rent expense $25,000 so Tax services Advisory services Auditing revenue revenue revenue Next > Revenues Expenses $175,000 $150,000 Salaries expense $125,000 es Supplies expense $100,000 Insurance expense $75,000 Revenues Tax services revenue: $100,000 $50,000 Rent expense $25,000 $0 Tax services revenue Advisory services Auditing revenue revenue Prey 1 of 4 Next > Expenses Salaries expense Supplies expense Insurance Advertising expense expense Rent expense Expenses Rent expense: $34,000 Expenses Salaries expense Supplies expense Insurance Advertising expense expense Expenses Insurance expense: $32,000 expense Expenses Salaries expense Supplies expense Advertising expense Expenses Supplies expense: 531,000 Rent nense Expenses Salaries expense Supplies expense Insurance Advertising expense expense Expenses Advertising expense: $55,000 Owner Withdrawals Price Waterhouse Coopers $2,500 $3,000 $500 $1,000 Owner Withdrawals 0 Coopers: $2,000 IoT table ou Owner Withdrawals Price Waterhouse Owner Withdrawals Waterhouse: $3,000 Coopers $2 $1,500 $2,000 500 $1,000 2 LIT $0 Tax services Advisory services Auditing revenue revenue revenue Owner Withdrawals Price Waterhouse Owner Withdrawals Price: $2,500 Coopers $1,500 $1,000 $o $500 $2,000 $2,500 $3,0 le - 1. Compute the partnership's net income. 2. Determine each partner's share of income assuming the partners did not agree on a plan and therefore share income equally. 1. Partnership net income 2. Each partner's share of net income Price, Waterhouse, and Coopers complete their first year of business as a partnership. The partners offer auditing, tax, and advisory services. Use the Tableau Dashboard to determine allocation of income. Owner Initial Investments Waterhouse Price Price Coopers Initial Investment: $20,000 - Price, Waterhouse, and Coopers complete their first year of business as a partnership. The partners offer auditing, tax, and advisory services. Use the Tableau Dashboard to determine allocation of income. Owner Initial Investments Waterhouse es Waterhouse Initial Investment: $30,000 Price Coopers oncos Check heir first year of business as a partnership. The partners offer auditing, tax, and advisory ermine allocation of income. Initial Investments Coopers Initial Investment: $50,000 Coopers Expenses Save & EXIT Check Coopers Revenues Expenses $175,000 BOK $150,000 Salaries expense $125,000 Supplies expense rences Revenues Advisory services revenue: $130,000 $100,000 Advertising expense Insurance expense $75,000 $50,000 Rent expense $25,000 $0 Tax services revenue Advisory services Auditing revenue revenue Neyt Coope 5 Revenues Expenses $175,000 $150,000 Salaries expense Revenues Auditing revenue: $165,000 $125,000 Supplies expense $100,000 Advertising expense Insurance expense $75,000 $50,000 Rent expense $25,000 so Tax services Advisory services Auditing revenue revenue revenue Next > Revenues Expenses $175,000 $150,000 Salaries expense $125,000 es Supplies expense $100,000 Insurance expense $75,000 Revenues Tax services revenue: $100,000 $50,000 Rent expense $25,000 $0 Tax services revenue Advisory services Auditing revenue revenue Prey 1 of 4 Next > Expenses Salaries expense Supplies expense Insurance Advertising expense expense Rent expense Expenses Rent expense: $34,000 Expenses Salaries expense Supplies expense Insurance Advertising expense expense Expenses Insurance expense: $32,000 expense Expenses Salaries expense Supplies expense Advertising expense Expenses Supplies expense: 531,000 Rent nense Expenses Salaries expense Supplies expense Insurance Advertising expense expense Expenses Advertising expense: $55,000 Owner Withdrawals Price Waterhouse Coopers $2,500 $3,000 $500 $1,000 Owner Withdrawals 0 Coopers: $2,000 IoT table ou Owner Withdrawals Price Waterhouse Owner Withdrawals Waterhouse: $3,000 Coopers $2 $1,500 $2,000 500 $1,000 2 LIT $0 Tax services Advisory services Auditing revenue revenue revenue Owner Withdrawals Price Waterhouse Owner Withdrawals Price: $2,500 Coopers $1,500 $1,000 $o $500 $2,000 $2,500 $3,0 le