Can you please help me with this problem for accounting. I have provided a picture of the problem, and a picture of the template in which it should be solved. Thank you so much!

1. f. Howell net income, $254,550 SHOW ME HOW PR 12-2B Dividing partnership income OBJ. 2 Dylan Howell and Demond Nickles have decided to form a partnership. They have agreed that Howell is to invest $50,000 and that Nickles is to invest $75,000. Howell is to devote full time to the business, and Nickles is to devote one-half time. The following plans for the division of income are being considered: a. Equal division b. In the ratio of original investments c. In the ratio of time devoted to the business d. Interest of 10% on original investments and the remainder in the ratio of 3:2 e. Interest of 10% on original investments, salary allowances of $38,000 to Howell and $19,000 to Nickles, and the remainder equally f. Plan (e), except that Howell is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances Instructions For each plan, determine the division of the net income under each of the following assumptions: (1) net income of $420,000 and (2) net income of $150,000. Present the data in tabular form, using the following columnar headings: $420,000 $150,000 CHAPTER 12 Accounting for Partnerships and Limited Liability Companies Prob. 12-2B (1) $420,000 Howell Nickles $210,000 $210,000 (2) $150,000 Howell Nickles Plan a. b. c. d. e. Details: $420,000 Howell Nickles $210,000 $210,000 $ $280,000 $140,000 $ $150,000 Howell Nickles $ 75,000 $75,000 $ $ $100,000 $249,500 $62,500 $ 87,500 $ $ a. Net income (1:1).............. b. Net income C. Net Income d. Interest allowance... Remaining income Net income....... e. Interest allowance.. Salary allowance... Remaining income Net income..... f. Interest allowance.. Salary allowance.. Bonus allowance.. Remaining income (1:1)....... Net income..... * 20% * [$420,000 - (538,000 + $19,000)] $201,750 $66,750 $ 72,600* $254,550 $165,450 $ 92,550