C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW parthership for 201 were as follows: Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $15,400 to Eastwood. $20,300 to North, and $18,300 to West. Eastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 33.4 ratio, respectively Net income was $79.800 b. Interest is 10 percent of welghted-average capital balances, Salaries are $24,900 to Eastwood, $21,200 to North, and $26,200 to West. North recelves a bonus of 10 percent of net income after deducting the bonus and her saiary. Any remainder is divided equally. Net income was $68,390 c. West recelves a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,900 to Eastwood. $18,900 to North, and $16,000 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 875 ratio, respectively. Net income was $95,680. Complete this question by entering your answers in the tabs below. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Salaries are $15,400 to Eastwood, $20,300 to North, and $18,300 to West. Fastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $79,800. Note: Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. Complete this question by entering your answers in the tabs below. For each of the following independent income-sharing agreements, prepare an income distribution schedule. Interest is 10 percent of weighted-averane capital balances. Salaries are $24,900 to Eastwood, $21,200 to North, and $26,200 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally, Net income was $68,390. Note: Do not round intermediate calculations, Round the final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. Complete this question by entering your answers in the tabs below. For each of the following independent income-sharing agreements, prepare an income distribution schedule. West receives a bopus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,900 to Eastwood, $18,900 to North, and $16,000 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $95,680. Note: Do not round intermediate calculations, Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign
