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 8,900 1/1 5/1 30,200 6,300 ts Skipped A. North, Capital 1/1 41,700 7/1 3/1 9,400 6,500 4,500 9/1 eBook M. West, Capital 1/1 4/1 8/1 12,500 50, 300 8,900 3,200 Print 6/1 References Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule a. Salaries are $16,700 to Eastwood, $21,500 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 3:34 ratio, respectively. Net income was $80,220. (Amounts thet are to be deducted from an individuel partner's capital balance should be entered with a minus sign.) Eastwood North West Total Proft ratio Ending capital Net income Salary 0 Bonus Interest on ending capital balance Residaal income (deficit) Allocater 0 Tetal al s al s b. Interest is 10 percent of weighted-average capital balances. Salaries are $25,100 to Eastwood, $22,000 to North, and $26,000 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 $69,850. (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.) North Eastwood West Total Profit ratio 0 Average capital Net income Interest on average capital balance Salary 0 Bonus 0 Residual income (deficit) $ Allocate Total $ 0 c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $22,000 to Eastwood, $18,200 to North, and $15,500 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8.75 ratio, respectively. Net income was $95,000. (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.) nces Eastwood North West Total Profit ratio Beginning capital Net income Bonus 0 Salary Interest on beginning capital balance Residual income (deficit) 0 0 0 Allocate 0 Total 0 C b. Interest is 10 percent of weighted-average capital balances. Salaries are $25,100 to Eastwood, $22,000 to North, and $26,000 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 $69,850. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Amounts thet are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total Profit ratio 0 Average capital Net income Interest on average capital balance 0 Salary C Bonus 0 Residual income (deficit) $ Allocate Total 0 0 c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $22,000 to Eastwood, $18,200 to North, and $15,500 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 $95,000, (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 0 Beginning capital Net income Bonus Salary Interest on beginning capital balance 0 Residual income (deficit) Allocate 0 0S Total 0 $ 0 ole