Copps, Rock, and Grey have recently formed a partnership by investing $50,000, $70,000, and $40,000, respectively. They are considering several methods of allocating income and losses.

Compute the partners' shares of profits and losses under each of the following scenarios:

a) Net income is $90,000 and the partners could not agree on a plan for net income/loss division.

b) Net income is $105,000 and the partners agreed to share profits based on the relationship

of their initial capital balances.

c) The net loss is $60,000 and the partners agreed to share profits and losses based on

50% to Copps, 15% to Rock, and 35% to Grey.

Round all answers to the nearest whole dollar.

Calculations: Show here, and put the found calculations in the chart below.

Scenario	Copps	Rock	Grey	Total
a)
b)
c)