answers only asap

1)The net income of the Chris and Browning partnership is $440000. The partnership agreement specifies that Chris and Browning have a salary allowance of $125000 and $171000, respectively. The partnership agreement also specifies an interest allowance of 10% on capital balances at the beginning of the year. Each partner had a beginning capital balance of $294000. Any remaining net income or net loss is shared equally. What is Chriss share of the $440000 net income? $167600 $114600 $197000 $154400

2) The interest on a $6600, 6%, 60-day note receivable is

$396. $264. $66. $792.

3)On October 1, 2020, Waterway Company sells (factors) $702000 of receivables to Milago Factors, Inc. Milago assesses a service charge of 3% of the amount of receivables sold. The journal entry to record the sale by Waterway will include

a debit of $723060 to Cash.

a debit of $702000 to Accounts Receivable.

a credit of $723060 to Cash.

a debit of $21060 to Service Charge Expense.