3. Eddie and Lauren are partners in a business. Eddie's original capital contribution was $80,000, and Lauren's was $120,000. They agreed to share profits and losses as follows: As salaries As interest on original capital Remaining profits or losses Eddie Lauren $72,000 $96,000 10% 2/3 10% 1/3 Calculate each partner's share of profits and losses, assuming (a) the profit was $200,000, (b) the profit was $140,000, and (c) the loss was $16,000.