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Anastasia, Alice and Will formed a partnership on July 1, 2022. Beginning capital balances are: Anastasia $55,000, Alice $75,000 and Will $95,000 Compute the
Anastasia, Alice and Will formed a partnership on July 1, 2022. Beginning capital balances are: Anastasia $55,000, Alice $75,000 and Will $95,000 Compute the partners' capital balances at the end of 2022 under the following independent conditions. Question 21 (3 points) Listen Net Income is $95,000 and the income ratio is 3:2:3, respectively. Round to the nearest dollar. Blank 1 Show Anastasia's share of Net Income Blank 2 Show Alice's share of Net Income Blank 3 - Show Will's share of Net Income Blank #1 Blank #2 Blank # 3 Question 22 (9 points) Listen 4 Prepare an Income schedule if net Income is $106,000 and the partnership agreement provides for (a) a salary of $30,000 to Anastasia and $35,000 to Alice, (b) interest on beginning capital balances at a rate of 10% and (c) any remaining income or loss to be shared by Anastasia, Alice and Will: 20%, 30% and 50% respectively.
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