A. Annie, P. Peter and J. John formed a partnership in the year 2010. In 2012, the beginning capital balance of each partner was $21,000, $31,500 and $52,500 respectively. During the year 2012, the company earned a net income of $60,600, and A. Annie withdrew $24,000 while P. Peter and J. John withdrew $41,000 and $40,000 respectively

a) Calculate the amount of net income each partner will receive if: (i) the earnings are divided equally. (ii) A. Annie receives 31%, P. Peter receives 38%, and J. John receives 31% of the earnings. (iii) the earnings are divided based on the partner's capital balance at the beginning of the year. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Use the negative sign for values that must be subtracted and negative balances.

	(i)	(ii)	(iii)
A. Annie	Answer	Answer	Answer
P. Peter	Answer	Answer	Answer
J. John	Answer	Answer	Answer

b) Calculate the ending capital balance of each partner, assuming that method (ii) is used to divide earnings.

	A. Annie	P. Peter	J. John
Beginning Capital Balance	Answer	Answer	Answer
Share of net income	Answer	Answer	Answer
Subtotal	Answer	Answer	Answer
Drawings	Answer	Answer	Answer
Ending Capital Balance	Answer	Answer	Answer