Abram, Maccoy, and Bailey have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners' capital balances. b. The next $30,000 is based on service, shared equally by Abram and Bailey. Maccoy does not receive a salary allowance. c. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the $84,000 net income for the year. (Complete all answer boxes. For amounts that are $0, make sure to enter "0" im Abram Maccoy Bailey Total 84000 Net income (loss) Capital allocation: Abram 6000 Maccoy 9000 15000 Bailey Salary allowance: Abram 15000 Maccoy 15000 Bailey Total salary and capital allocation 21000 9000 30000 30000 Net income (loss) remaining for allocation Salary allowance: Abram Maccoy 15000 15000 Bailey Total salary and capital allocation 21000 9000 30000 30000 Net income (loss) remaining for allocation Remainder shared equally: Abram 10000 10000 Maccoy 10000 Bailey 10000 Total allocation 40000 Net income (loss) remaining for allocation 31000 19000 40000 Net income (loss) allocated to the partners