Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $500,000 and Sayed invests $900,000. They agree to grant salary allowance of $80,000 to Ahmed and $120,000 to Sayed, a 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net income of $390,000 for this year. Required: Allocate the net income between the partners PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT+F10 (PC) or ALT FN-F10 (Mac) B IVS Paragraph Anal 10pt A T: X X, & IT To + P TT 99 E B V !!! C 8 E E (1) 20