Ben Conway. Ida Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $282,000, $318.000, and $212,000, respectively. They anticipate annual profit of $187.200 and are considering the following alternative plans of sharing profits and losses: a. Equally: b. In the ratio of their initial investments, or c. Salary allowances of $129,000 to Conway, $104,000 to Chan, and $79,000 to Scott and interest allowances of 12% on initial Investments, with any remaining balance shared equally. Required: 1. Use the schedule to show how a profit of $487.200 would be distributed under each of the alternative plans being considered. (Enter all amounts as positive values.) Calculations Share to Conway Share to Chan Share to Scott Total S 0 Profit (Loss) Sharing Plan (a) (b) (0) Profit $ 0 $ 487 200 Profit Profit Salary allowances Interest allowances Total salaries and interest allocation Balance of Profit Balance allocated equally Balance of Profit $ 0 $ 0 $ 0 $ 0 $ 487,200 0 $ 487 200 S 0 $ 0 S 05 Shares of partners