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Alford, Beeson, and Carlton have operated a coffee shop for a number of years as a partnership. At the beginning of 2024, capital balances were

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Alford, Beeson, and Carlton have operated a coffee shop for a number of years as a partnership. At the beginning of 2024, capital balances were as follows: Due to a cash shortage, Aitird invests an additional $8,000 in the business on April 1,2024. Each partner is allowed to withdraw $1,000 cash each month. The partners have used the same method of allocating profits and losses since the business's inception: - Each partner is given the following compensation allowance for work done in the business: Alford, $18,000;800s0n,$25,000; and Cariton, $8,000. - Each partner is credited with interest equal to 10 percent of the average monthly capital balance for the year without regard for normal drawings. - Any remaining profit or loss is allocated 4:2:4 to Alford, Beeson, and Carlton, respectively. The net income for 2024 is $23,600. Each partner withdraws the allotted amount each month. Required: Prepare a schedule showing calculations for the partners' 2024 ending capital balances. Note: Amounts to be deducted should be indicated with minus sign

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