Aliord, Beeson, and Cartion have operated a coffee shop for a number of years as a partnership. At the beginning of 2024, capital balances were as follows: Anford \& 90,000 Beason 70,000 Carition 30,000 Due to a cash shortage, Alford invests an additional $16,000 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: Allord, \$12,000; Beeson, \$28,000; and Cartion. $8,000. - Each partner is credited with interest equal to 20 percent of the average monthly capital balance for the year without regard for normal drawings. - Any remaining profit or loss is allocated 3:3:4 to Allord, Beeson, and Cariton, respectively. The net income for 2024 is \$32,000. Each partner withdraws the allotted amount each month. Answer is complete but not entirely correct