Denise and Michael retain you to be their accountant for their partnership named D&M Partners, an advertising agency. Denise is to receive 1/3 and Michael 2/3 of the first $60,000 of partnership profits. The balance of any profits to be allocated based upon their respective capital account balances, wherein Denise has $ 20,000 in her capital account and Michael, $10,000. 10. At the end of the year, D&M Partners earned $120,000. How much should be credited to Denise's capital account? How much should be credited to Michael's capital account? Show your you calculated your answer. Denise $ Michael $