4 (15 Points) Cheatem, Fleecem and Robbem are partners in a law firm. The partnership agreement states they will be allocated salaries of $40,000, $60,000 and $80,000 respectively. In addition, each will be paid interest of 10% on their beginning capital balances (listed below). Any excess or deficit will be shared at a ratio of 2:1:2. Beginning capital balances: Cheatem $ 150,000 Fleecem 200,000 250,000 Robbem Instructions: 1. In the space below, calculate each partner's share of profits assuming that net income is $290,000 for the year. 2. Based upon your answer in 1 above, compute Robbem's ending capital balance if his drawing account had a balance of $110,000 for the year