30. Allocation of interest on capital accounts and profit to partners Assume that there are three partners in a partnership, A, B, and C. Partner C provides services to the partnership and is entitled to a salary of $60,000. In addition, assume that the Partnership Agreement provides for an interest allocation of 5% based on the weighted- average Capital Account balance during the year. There is a balance in each Capital Account for Partners A and B of $400,000 for the full year. Partner C, however, was admitted to the partnership for an initial capital contribution of $270,000 on April 30. Finally, assume that the partnership revenues less expenses (other than salary to Partner C and interest on capital balances) are $500,000, and that the Partnership Agreement provides for a sharing ratio of 30:50:20 for Partners A, B, and C, respectively. Requirement: Prepare a schedule for the allocation of profit to the partners