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2 On January 1 2020, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $53.000, 581000, and 583,000, respectively Over
2 On January 1 2020, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $53.000, 581000, and 583,000, respectively Over the next three years, the business reported net income and loss) as follows: 220 93,000 65,000 (48,000) 15 2022 During this period, each partner withdrew cash of $16,000 per year Krause invested an additional $5,000 in cash on February 9, 2021 At the time that the partnership was created, the twee partners agreed to allocate all profits and losses according to a specified plan written as follows: Ench partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of the year . Because of prior work experience Angela s entitled to an annual salary allowance of $17.000 per year, and Diaz is entitled to an annual salary allowance of $11,300 per year Any remaining profit will be spit as follows. Angelo 20 percent. Diaz, 45 percent, and Krause. 35 percent et les remain after me initial locations to the partners, the balance will be located Angels 30 percent. Diaz, 55 percent and Krause, 15 percent Prepare a schedule that determines the ending capital balance for each partner as of the end of each of these two years Complete this question by entering your answers in the tabs below. Ending Captain Capital Ending Capital Ba 2020 2021 Balance 2022 Prepare a schedule that determines the endina cacital balance for each partners of the end of 2020. Amounts to be
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