Danny Spurlock and Tracy Wilson decided to form a partnership on July 1, 20-1. Spurlock invested $100,000 and Wilson invested $25,000. For the fiscal year ended June 30,202, a net income of $78,000 was earned. Determine the amount of net income that Spurlock and Wilson would receive under each of the following independent assumptions: Feedback Check My Work Once the conditions of the partnership agreement have been met, any remaining net income is distributed equally