5.) Alice, Bart and Celia formed a partnership with initial capital contributions of $80,000,

$92,000 and $134,000 respectively on January 1, 2021. They agreed that Alice would earn a

salary allowance of $20,000 and that there would be an interest allowance of 3% on the

beginning capital and that remaining profits and losses would be shared in a 2:3:4 ratio. The

following transactions occurred in the following years:

Required: Prepare the calculations and journal entries for each of the following independent

situations:

B) The partnership reported a net loss of $100,000 in 2021.