Anderson, Macer, and Butler have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows: The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Anderson and Butter Macer does not receive a salary lowance c. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the $121,000 net income for the year (Complete all awer boxes. For amounts that are $0, make sure to enter in the Anderson Macer Butler Total Net income foss) Capital allocation: Anderson Macer Butler Choose from any list or enter any number in the input fields and then continue to the next question Anderson, Macer, and Butler have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and losses as follows The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Anderson and Butler. Macer does not receive a salary allowance. c. The remainder is divided equally. Read the requirements Salary allowance: Anderson Macer Butler Total salary and capital allocation Net income (loss) remaining for allocation Remainder shared equally: Anderson Macer Choose from any list or enter any number in the input fields and then continue to the next question Anderson, Macer, and Butler have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share profits and los a. The first $50,000 is divided based on the partners' capital balances. b. The next $50,000 is based on service, shared equally by Anderson and Butler. Macer does not receive a salary allowance. C. The remainder is divided equally.. Read the requirements. Net income (loss) remaining for allocation Remainder shared equally: Anderson Macer Butler Total allocation Net income (loss) remaining for allocation Net income (loss) allocated to the partners Requirement 2. Joumalize the closina entry to allocate net income for the vear. (Record debits first, then credits. Select the explanat Choose from any list or enter any number in the input fields and then continue to the next question. Anderson, Macer, and Butler have capital balances of $22,000, $33,000, and $55,000, respectively. The partners share a. The first $50,000 is divided based on the partners' capital balances b. The next $50,000 is based on service, shared equally by Anderson and Butler. Macer does not receive a salary allowa c. The remainder is divided equally.. Read the requirements. Net income (loss) allocated to the partners Requirement 2. Joumalize the closing entry to allocate net income for the year. (Record debits first, then credits. Select th Date Accounts and Explanation Debit Credit | | || || 111111111 TH | || III TI | I | HT | || | Choose from any list or enter any number in the input fields and then continue to the next question. mers' capital balalle equally by Anderson and Butler. Macer does not IOUI last line of the i Requirements to all 1. Compute each partner's share of the $121,000 net income for the year. 2. Journalize the closing entry to allocate net income for the year. sand Done Print mber in the input fields and then continue to the next