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Dallas and Welss formed a partnership to manage rental properties, by investing $112.000 and $168.000, respectively. During its first year , the partnership recorded profit

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Dallas and Welss formed a partnership to manage rental properties, by investing $112.000 and $168.000, respectively. During its first year , the partnership recorded profit of $411,000 Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing profit and losses c. The partners agreed to share profit by allowing a $143,000 per year salary allowance to Dallas, un $73,000 per year salary allowance to Weiss, 20% interest on their initial investments, and sharing the balance equally. Leave no cell blank. Enter "o" when the answer is zero.) Share to Dallas Shared Total Weiss 5 05 0 Total salanes and interest allocation Balance of profit Balance allocated equally 0 Balance of prot Shares of each partner 3 0 $ o

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