4. The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence: Jones, the managing partner, receives a bonus equal to 10 percent of the business's profit . Each partner receives 10 percent interest on average capital investment Any residual profit or loss is divided equally 015525 The average capital investments for 2021 were as follows: Jones King Lane $ 80,000 160,000 240,000 The partnership earned $40,000 net income for 2021 Prepare a schedule showing how the 2021 net income should be allocated to the partners. (Loss amounts should be indicated with a minus sign.) King Jones Total Lane Net income Bonus Interest Reminder to allocate Total location