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A, B and C partnership with the following capital balances on 112019: A, capital: 60000, B, capital 50000 and C capital 70000 , they share

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A, B and C partnership with the following capital balances on 1\1\2019: A, capital: 60000, B, capital 50000 and C capital 70000 , they share profits and losses as follow: A receives annual salary $15000 for running the business. Each partner receives 10% interest on beginning capital balances. Remaining is divided equally. During year, B made an additional investment 10000, Awithdraws6000, and did not make any withdrawals. Net income earned 36000. REQUIRED: 1) Prepare schedule to allocate net income?.........4 points 2) Determine the ending capital balance for A? 1 POINT NETINCONE ALLOCATION SCHEDULE: B TOTAL NET ALLOCATION OF NI NETALLOCATION OF NI ending capital balance for A

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