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cancoli. Partner bonuses, statement of partnership equity The partnership of Angel Investor Assocates began operations on January 1,20y5, with contributions from two partners as follows:

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cancoli. Partner bonuses, statement of partnership equity The partnership of Angel Investor Assocates began operations on January 1,20y5, with contributions from two partners as follows: The following additional partner transactions took place duning the vear: 1. In early January, Randy Campbell is admitted to the partnership by contributing $15,860 cash for a 13% interest. 2. Net income of $160,000 was eamed in 20Y5. In addibion, Dennis overton received a salary allowance of $40,000 for the vear The the Campbelli 3. The partners' withdrawals are equal to half of the increase in their capital balances from salary allowance and income. Prepare a statement of parthership equity for the year ended December 31,20 s. if an amount box does not require an entrv, leave. it b

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