(a) Amount of net income allocated to each partnership for 2019: Norr Caulor Interest ? ?...
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(a) Amount of net income allocated to each partnership for 2019: Norr Caulor Interest ? ? Total ? Compensation ? ? ? Remainder (60%, 40% split) ? ? ? Net income allocated for 2019 ? ? ? (b) Balance in both capital accounts at the end of 2019: Norr Caulor Total Beginning capital 2019 ? ? ? Net income allocated for 2019 ? ? ? Withdrawal (1,000 x 12) ? ? ? Ending capital balance 2019 ? ? ? (a) Amount of net income allocated to each partnership for 2020: Norr Caulor Total Interest ? ? ? Compensation ? ? ? Remainder (loss) (60%, 40% split) ? Net income allocated for 2020 ? ? ? ? ? (b) Balance in both capital accounts at the end of 2019: Norr Caulor Total Beginning capital ? ? ? Net income allocated for 2020 ? ? ? Withdrawal (1,000 x 12) ? ? ? Ending capital balance 2020 ? ? ? Note: Use minus to show loss. (a) Amount of net income allocated to each partnership for 2019: Norr Caulor Interest ? ? Total ? Compensation ? ? ? Remainder (60%, 40% split) ? ? ? Net income allocated for 2019 ? ? ? (b) Balance in both capital accounts at the end of 2019: Norr Caulor Total Beginning capital 2019 ? ? ? Net income allocated for 2019 ? ? ? Withdrawal (1,000 x 12) ? ? ? Ending capital balance 2019 ? ? ? (a) Amount of net income allocated to each partnership for 2020: Norr Caulor Total Interest ? ? ? Compensation ? ? ? Remainder (loss) (60%, 40% split) ? Net income allocated for 2020 ? ? ? ? ? (b) Balance in both capital accounts at the end of 2019: Norr Caulor Total Beginning capital ? ? ? Net income allocated for 2020 ? ? ? Withdrawal (1,000 x 12) ? ? ? Ending capital balance 2020 ? ? ? Note: Use minus to show loss.
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