A and B formed a partnership on December 31, 2020. A contributed $60,000 cash. B's investment consisted of cash, $8,000; inventory, $24,000; and supplies, $8,000 all at fair market values. Profit for 2020 and 2021 was $75,000 and $85,000, respectively. Required: Calculate the allocation of profit for 2020 and 2021, assuming profits are divided as follows: a) The partners have no partnership agreement. b) Based on a 1:3 ratio. c) Based on the ratio of the partners' original investments. d) Interest allowances of 10% on their original investments, salary allowances to A of $14,000 and B of $11,000, and the remainder to be divided equally.