After closing the revenue and expense accounts, the profit for the year ended December 31, 2021 of the Mo & Molly partnership is $99,000. The partnership agreement species that profits and losses will be shared using the following formula 1. Allocate salary allowances of $21.000 to Mo and $39,000 to Molly 2. Remaining profit (less) is to be shared on a ratio of 2:1. At the beginning of the year, Mo's capital account had a balance of $37.000 and Molly's capital account had a balance of $27.000. Mo withdrew $1,400 cash per month while Molly withdrew $2,800 per month from the partnership (a) Your answer is partially correct. Prepare a schedule to show how the profit will be allocated to the two partners. MO & MOLLY Division of Profit Year Ended December 31, 2021 Molly Total