ant to d0 Fomu as Data Revien Vien net can contain wiwuses Unless you need to edin, it's safer to stay in Protected iew dinton and Mueller are partners in the 1onesty Rules. partnership Enable Editing Trump, Clinton and Mueller are partners in the "Honesty Rules" partnership they share profits and losses: Trump 50%, Clinton 30%, Mueller 20% In additions, Trump gets a $40,000 salary and Mueller gets a $15000 salarny partners also get 10% interest on their beginning of the year capital accounts s Clinton takes $24000 per year out of her capital account to improve her wardrobe. Trump takes $12,000 per year out of his capital account for hair gel. a The January 1, 2018 balance sheet of "Honesty Rules" partnership is as follows: 100000 200,000 400,000 building (net) 500,00 300,000 cash a/r Land accounts payable 100,000 Trump capital Clinton capital Mueller capital 600,000 300,000 500,000 equip (net) total assets 1,500,000 total lia + equity 1,500,000 2018 Income statement PART 6 IN 5 BACK formuas Data Review View t can contain vises Unles you need to edit, ts safer to stay in Protected View. Enable Editing Clinton and Mueller are partners in the "Honesty Rules partnership 2018 Income statement 500000 revenue operating expenses wage expense? interest expense? net income 200000 only wages are to partners only interest is to partners 2019 Income statement 600,000 220000 revenue operating expenses wage expense? interest expense? net income 2020 income statement revenue 200,000 parta PART PARTOpart7 part a F11 5 DHG A Sean Charies Long (sciong) test2advanced (Protected View! Excel me what you want to do ata Revien Ve Enable Edrting nees Unies you need to ede, i's safer to say in Photected View eler are partners in the "Honesty Rules" partnershp 2020 income statement 200,000 revenue operating expenses wage expense? interest expense? net income? 140000 REQUIRED DETERMINE THE CAPITAL BALANCE ON 12/31/18; 12/31/19 AND 12/31/20 FOR EACH PARTNER 2018 2019 2020 TRUMP CLINTON MUELLER INS DEL HOME END