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 9/1 8,300 1/1 5/1 30,300 7,700 3/1 A. North, Capital 10,500 1/1 7/1 9/1 40,600 5,900 5,200 8/1 M. West, Capital 13,100 1/1 4/1 6/1 50,800 7,100 5,000 Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $15,300 to Eastwood, $21,600 to North, and $19,200 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 $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 Profit ratio Ending capital Net income Salary Bonus Interest on ending capital balance Residual income (deficit) Allocate Total b. Interest is 10 percent of weighted average capital balances. Salaries are $25,200 to Eastwood, $21,500 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 $68,800. (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 Profit ratio Average capital Net income Interest on average capital balance Salary Bonus Residual income (deficit) Allocate Total c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,300 to Eastwood, $18,800 to North, and $16,100 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 $95,740. (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 Profit ratio Beginning capital Net income Bonus Salary Interest on beginning capital balance Residual income (deficit) Allocate