At the end of its first year of operations on December 31, 2017, NBS Companys accounts show the following.

Partner	Drawings	Capital
Art Niensted	$23,100	$48,100
Greg Bolen	13,800	39,500
Krista Sayler	11,300	24,500

The capital balance represents each partners initial capital investment. Therefore, net income or net loss for 2017 has not been closed to the partners capital accounts. (1)Net income is $31,000. Income is shared 6 : 3 : 1.(2)Net income is $41,500. Niensted and Bolen are given salary allowances of $15,400and $10,800, respectively. The remainder is shared equally.(3)Net income is $18,200. Each partner is allowed interest of 10% on beginning capital balances. Niensted is given a $12,990salary allowance. The remainder is shared equally