Anna, Peter and John formed a limited liability partnership in $2022.$ In $2023,$ the beginning capital balance of each partner was $$26,000,$ $$39,000$ and $$65,000$ respectively. During $2023,$ the company earned a net income of $$69,000.$ Anna withdrew $$30,000,$ while Peter and John withdrew $$41,000$ and $$31,000$ respectively

a$)$ Calculate the amount of net income each partner will receive based on the following independent scenarios.

$($i$)$ The earnings are divided equally.

$($ii$)$ Anna receives $25\%,$ Peter receives $42\%,$ and John receives $33\%$ of the earnings.

$($iii$)$ The earnings are divided based on the partner's capital balance at the beginning of the year.

Do not enter dollar signs or commas in the input boxes.

Round your answers to the nearest whole number.

Do not use the negative sign.

$($i$)($ii$)($iii$)$

Anna Answer

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Peter Answer

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John Answer

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b$)$ Calculate the ending capital balance of each partner, assuming that method $($ii$)$ is used to divide earnings.

Anna Peter John

Beginning Capital Balance Answer

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Add: Share of net income Answer

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Subtotal Answer

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Less: Withdrawals $($Answer

$)($Answer

$)($Answer

$)$

Ending Capital Balance Answer

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