and form a partnership, investing 130000 and 160000, respectively. Determine their shares of net income or net loss for each of the following situations: a. Net loss is 150000, and the partners have no written partnership agreement. b. Net income is 107000, and the partnership agreement states that the partners share profits and losses based on their capital investments. c. Net income is 290000. The first $132,000 is shared based on the partner capital investments. The next $100,000 is shared based on partner service, with receiving 70 and receiving 30 percent. The remainder is shared equally. Question content area bottom Part 1 Determine the shares of net income or loss for each partner for situation a