1. David and Ross have decided to form a partnership. They have agreed that David to invest $ 140,000 and that Ross is to invest $210,000. The following plans for the division of income are being considered: A. Equal division B. In the ratio of original investments C. Interest of 10% of original investments, and the remainder in the ratio 63%: 37% (63% David, 37% Ross) D. Interest of 10% of original investments, salary allowances of $ 90,000 to David and S 45,000 to Ross, and the remainder equally. For each plan determine the division of the net income ($225,000). Complete the plans A- D in the tables. Prepare a journal entries for each plan. Plan A: (3 points) Assumptions David Ross Total Equal division Totals Plan B: (10 points) Assumptions Ratio of Original Investments Totals Plan C: (7 points) Assumptions 10% of Original Investmentes Remainder 63%:37 % Totals Plan D: (10 points) Assumptions 10% of original Investments Salaries Allowances Equality Totals Journal entries for each plan: Date Description David Ross Total David Ross $225,000 David Ross $225,000 General Journal Dr