2. 14 Points Bonnie and Clyde established a partnership on January 1, 2018. Bonnie invested cash of $100,000 and Clyde invested $70,000 in cash. Bonnie and Clyde agreed to the followi ng procedure for sharing profits and losses: 12% interest on the yearly beginning capital balance $10 per hour of work that can be billed to the partnership's clients the remainder divided in a 3:2 ratio . The Articles of Partnership specified that each partner should withdraw no more than $1,000 per month. For 2018, the partnership's income was $70,000. Bonnie had 1,000 billable hours, and Clyde worked 1,400 billable hours. Each partner withdrew $1,000 per month throughout 2018. Required a. Determine the amount of net income allocated to each partner for 2018 b. Determine the balance in both capital accounts at the end of 2018. Answers: a. Bonnie Clyde Total b. Bonnie Clyde Total