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Dallas and Weiss formed a partnership to manage rental properties, by investing $42.000 and 2.000, estoy Danas year, the partnership recorded profit of $452.000 Required:

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Dallas and Weiss formed a partnership to manage rental properties, by investing $42.000 and 2.000, estoy Danas year, the partnership recorded profit of $452.000 Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing on and losses a. The partners failed to agree on a method of sharing profit. La 3ook b. The partners agreed to share profits and losses in proportion to their initial investments int Stato Dalla Share to Wals Tartal ences c. The partners agreed to share profit by allowing a $149.000 per year salary allowance to Dallasan S7000 pery allowance to Weiss, 10% interest on their initial investments, and sharing the balance equally leave no cell want to when the answer is zero.) Total salaries and interest allocation Balance of profit Balance allocated equally Balance of profit Shares of each partner Anwar

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