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(1) Szyslak and Simpson form a partnership in which Simpson will become a professional boxer and Szyslak will be his manager. It is agreed that

(1) Szyslak and Simpson form a partnership in which Simpson will become a professional boxer and Szyslak will be his manager. It is agreed that Szyslak and Simpson will receive salaries of $35 000 and $15 000 respectively and divide any remaining profit or loss equally. Complete the following chart and show how much of the profit or loss each partner will receive. (6 marks) YEAR SYZLAK SIMPSON PROFIT/LOSS 2020 ($18 000) 2021 $205 000 2022 $47 000 Rough work

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