1 The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence: 1.5 points Jones, the managing partner, receives a bonus equal to 15 percent of the business's profit. Each partner receives 17 percent interest on average capital investment. Any residual profit or loss is divided equally. 8 01:34:46 Print The average capital investments for 2021 were as follows: Jones King Lane $ 115,000 230,000 345,000 The partnership earned $54,000 net income for 2021. Prepare a schedule showing how the 2021 net income should be allocated to the partners. (Loss amounts should be indicated with a minus sign.) Jones