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Anderson, Miller, and Brenner have capital balances of $18,000 $27,000, and $45,000, respectively. The partners share profits and losses as follows: a. The first
Anderson, Miller, and Brenner have capital balances of $18,000 $27,000, and $45,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners' capital balances b. The next $30,000 is based on service, shared equally by Anderson and Brenner Miller does not receive a salary allowance c. The remainder is divided equally Read the requirements Requirement 1. Compute each partner's share of the $72,000 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 Miller Brenner Salary allowance: Anderson Miller Brenner Total salary and capital allocation Anderson Miller Brenner Total
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