3. Tracy and Dennis are partners in a business. Tracy's original capital contribution was $40,000, and Dennis's was $60,000. They agreed to share profits and losses as follows: Tracy Dennis $36,000 $48,000 10% 10% As salaries As interest on original capital As bonus to Tracy $ 4,000 Remaining profits or losses 2/3 Calculate each partner's share of profits and losses, assuming the following independent scenarios: (a) the profit was $100,000, (b) the profit was $70,000, and (c) the loss was $8,000