Dividing Partnership Net Loss Leigh Meadows and Byron Leef formed a partnership in which the partnership agreement provided for salary allowances of $49,000 and $49,000, respectively Determine the division of a $25,000 net loss for the current year, msuming remaining Income or losses are shared equally by the two partners. Use the minus sign to indicate any deductions or deficiencies. Leigh Meadows Byron Leer Total Salary Allowance 35,000 x 25,000 X 60,000 x Remainder -40,000 X -40,000 X 5 -00,000 x Net LOSS -5,000 x - 15,000 X -20,000 X Che My Apply salary and interest allowances first; Then, distribute the remainder (Income or loss) among the partners according to the partnership agreement