Chapter 11 Llib Exercise 11-4 Profit allocation in a partnership LO3 17 Dallas and Welss formed a partnership to manage rental properties, bylvesting 5124000 and 5186.000.com year, the partnership recorded profit of $450,000 18 Required: Prepare calculations showing how the profit should be allocated to the partners under each of the lower planning and losses bol a. The partners failed to agree on a method of sharing profit TE re to Too hthored to streptolits and losses in proportion to the meant b. The partners agreed to share profits and losses in proportion to the investments 17 18 c. The partners agreed to share profit by allowing $146.000 per year salary allowance to Dalasan 575.000 per year allowance to Weiss, 20% Interest on their initial investments, and sharing the balance equally leave no collow the answer is :) Total 5 03 Total and interestation Balita c. The partners agreed to share profit by allowing a $146,000 per year salary allowance to Dallas, an $75,000 per year way allowance to Weiss, 20% interest on their initial investments, and sharing the balance equally (Leave no cold blank Enter "o" when the answer is zero.) Share to Share Total salarios and interest allocation Balance of profit $ 0 5 Balance allocated equally Balance of profit Shares of each partner OS DS