cody and emma from X partnership , with cody contributing 200 cash and emma contributing 1000 cash on january 1 year 1. the partnershp agreement provides that net profit and net losses areallocated so that the partners' capital account balances are equal to the cash that they could recieve under the distribution provisions of the agreement . distributions of available cash are made in the following order: 5% preferred return to Emma on unreturned capital, return of Emma's capital, return of Cody's capital and then 20% to Cody and 80% to Emma. in year 1, X partnership has 400 of net profits. on december 31 year 1, x partnership makes a 100 cash distribution to Emma. a. how are the net pprofits allocated tto CCody and Emma in yyear 1? b. do the allocation mmeet the substantial economiceffect test? will the allocations be respected?