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Conway, Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $ 2 5 2 , 0 0 0 , $

Conway, Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $252,000, $288000, and $182,000, respectively. Per the partnership agreement, the partners will have salary allowances of 112000 to conway 89000 to chan and 64000 to scott. also epartner will have interest allowances of 10% on their initial investments with any remaining balance shared equally. they made profit of 433200. Required: 1. Use the schedule to show how a profit of 433200 would be distributed to the three partners.

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