C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: C. Eastwood, Capital Debit 9/1 A. North, Capital M. West, Capital Credit 8,300 1/1 5/1 31,100 6,300 Debit 3/1 Credit 10,700 1/1 7/1 9/1 41,900 Debit 8/1 13,600 Credit 5,500 1/1 4/1 51,300 8,700 4,200 6/1 3,800 Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $16,900 to Eastwood, $21,300 to North, and $18,400 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 3:3:4 ratio, respectively. Net income was $79,800. b. Interest is 10 percent of weighted-average capital balances. Salaries are $24,800 to Eastwood, $21,600 to North, and $25,200 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 $69,010. c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $22,400 to Eastwood, $18,500 to North, and $15,600 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 $95,440.