accounting

Paco and Kate invested $100,000 and $125,000, respectively, in a partnership they began one year ago. Assuming the partnership's net income was $155,000 for this year, calculate the share of the net income each partner should receive under the following assumptions. (SHOW YOUR CALCULATION) (6 marks) + Paco's Share Kate's Share( (1) The partnership agreement specifies salary allowances of $67,000 to Paco and $59,000 to Kate, and any balance shared equally (2) The partnership agreement specifies salary allowances of $43,000 to Paco and $52,000 to Kate, 15% interest on their investments, and any balance shared equally