After closing the revenue and expense accounts, the profit for the year ended December 31, 2021 of the Mo & Molly partnership is $105,000. The partnership agreement specifies that profits and losses will be shared using the following formula 1. Allocate salary allowances of $27,000 to Mo and $42,000 to Molly. 2. Remaining profit (loss) is to be shared on a ratio of 2:1. At the beginning of the year, Mo's capital account had a balance of $40,000 and Molly's capital account had a balance of $24,000. Mo withdrew $ 1.200 cash per month while Molly withdrew $2,400 per month from the partnership 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 Mo Molly Total $ $ $ Profit Prepare a schedule to show how the proht will be allocated to the two partners. MO & MOLLY Division of Profit Year Ended December 31, 2021 Mo Molly Total $ Profit Salary allowance Molly Total Profit remaining for allocation Fixed ratio Fixed ratio Molly Total Profit remaining for allocation $ Profit allocated to the partners e Textbook and Media Prepare a statement of partners equity for the year. (List items that increase partner's equity first) MO & MOLLY Statement of Partners' Equity Year Ended December 31, 2021 Prepare a statement of partners equity for the year (List items that increase partner's equity first.) MO & MOLLY Statement of Partners' Equity Year Ended December 31, 2021 Molly Total $ $ $