18. The profit and loss sharing agreement for the Sealy, Teske, and Ubank partnership provides that each partner receive a bonus of 5% on the original amount of partnership net income if there is a net income. Sealy and Teske receive a salary allowance of $7,500 and $10,500, respectively. Ubank has an average capital balance of $260,000, and receives a 10% interest allocation on the amount of his average capital account balance. Residual profits and losses are allocated to Sealy, Teske, and Ubank in their respective ratios of 7:5:8. Compute the share of the net income for each partner for each of the following partnership net income/losses. 1. Partnership Net Income 20,000 2. Partnership Net Loss 10,000 3. Partnership Net Income 100,000