Ben Conway, ide Chan, and Clair Scott formed CCS Consulting this year by making capital contebutors of $256.000 $302.000, and $196,000, respectively. They anticipate annual profit of $458 400 and are considering the following alterative plans of sharing profes and losses *. Equally, b. in the ratio of their initial investments, or c. Salary allowances of $125,000 to Conway, $95,000 to Chan, and $71,000 to Scott and interest allowances of 10% on infil investments, with any remaining balance shared equally Required: 1. Use the schedule to show how a profit of $458,400 would be distributed under each of the alternative plans being considered (Enter all amounts es positive values) Polk (Loss) Calculations Profit Profit Salary allowances Interest allowances Total salaries and interest allocation Balance of Profil Balance allocated equally 6

ars loses 4. Tauelly. Arequine dener sill hmouras ot potelitive veluet) \$458,400 Nho, close the whth wals accourts Journal entry workseet ars loses 4. Tauelly. Arequine dener sill hmouras ot potelitive veluet) \$458,400 Nho, close the whth wals accourts Journal entry workseet