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Allocate salary allowances of $21,900 to Barbara and $30,600 to Jennifer. Remaining profit (loss) is to be shared on a ratio of 2:1 . Prepare
Allocate salary allowances of
$21,900
to Barbara and
$30,600
to Jennifer.\ Remaining profit (loss) is to be shared on a ratio of
2:1
.\ Prepare a schedule to show how the profit will be allocated to the two partners. (Round answers to 0 decimal places, e.g. 5,275 .)\ Salary allowance\ BarbaraProfit\ Salary allowance\ Barbara\ Jennifer\ Total\ Profit remaining for allocation\ Fixed ratio\ Barbara\ Jennifer\ Total\ Profit remaining for allocation\ Profit allocated to the partners
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