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Dallas and Weiss formed a partnership to manage rental properties by investing 5164,000 and 5246,000 year, the partnership recorded profit of 5514.000 Required: Prepare calculations

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Dallas and Weiss formed a partnership to manage rental properties by investing 5164,000 and 5246,000 year, the partnership recorded profit of 5514.000 Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for shanno pot and losses: a. The partners failed to agree on a method of sharing profit. Share to Share to Dallas Weiss 257,000 $ 257,000 $ Total Profit $ 514,000 b. The partners agreed to share profits and losses in proportion to their initial investments. Total Share to Share to Dallas Weiss 205,600 $ 308,400 $ Profit 514,000 C. The partners agreed to share profit by allowing a $156,000 per year salary allowance to Dallas, en $85.000 per year salary allowance to Weiss, 12% interest on their initial Investments and sharing the balance equally. (Leave no cell blonk. Enter "0" when the answer is zero.) Share to Shun

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