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Anderson, Macer, and Bell have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows: a The first
Anderson, Macer, and Bell have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows: a The first $50,000 is divided based on the partners' captal balances b. The next $50,000 is based on service, shared equally by Anderson and Bell. Macer does not receive a salary allowance. c. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the $112,000 net income for the year. (Complete all answer boxes. For amounts that are 50, make sure to enter "0" in the appropriate column.) Net income (loss) Capital allocation: Anderson Macer Bell Salary allowance: Anderson Macer Bell Total
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