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: 9/1 C. Eastwood, Capital 8,888 1/1 5/1 31,388 6,880 3/1 A. North, Capital 1e,see 1/1 7/1 9/1 41,680 6,982 5,689 8/1 M. West, Capital 13, 2ee 4/1 6/1 1/1 51,380 8.382 4,280 Required: For each of the following Independent Income-sharing agreements, prepare an Income distribution schedule. a. Salaries are $16.700 to Eastwood, $20.600 to North, and $18.400 to West Eastwood recelves 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 3:34 ratlo, respectively. Net Income was $77.910. (Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total 0 Profit ratio Ending capital Net income 0 0 0 Salary Bonus Interest on ending capital balance Residual income (deficit) Allocate Total $ 0 0 $ 0 $ ols 0 $ 0 b. Interest is 10 percent of weighted-average capital balances. Salaries are $25,400 to Eastwood, $22,100 to North, and $26.500 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 $70.060. (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.) Eastwood North West Total 0 Profit ratio Average capital Net income Interest on average capital balance Salary Bonus Residual income (deficit) Allocate Total 0 0 0 S 0 0 S 0 $ 0 $ 0 S 0 c. West recelves a bonus of 20 percent of net Income after deducting the bonus and the salaries. Salaries are $21.500 to Eastwood, $19,500 to North, and $15.400 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 $95.700. (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.) Eastwood North West Total 0 Profit ratio Beginning capital Net income Bonus Salary Interest on beginning capital balance Residual income (deficit) Allocate Total 0 0 S 0 0 S 0 $ 0 $ S 0