Drew, Eaton, and Howard formed a partnership. When applicable, the articles of co-partnership state that salaries are to be paid first interest on partners' capital second, with the remainder to be divided equally. The cases below are independent, justify your answers by giving a reasonable argument (show your working). 1. Net income for the year was $600,000. The partnership agreement provides for salaries of $120,000 for Drew and $110,000 for Eaton, with no interest paid on capital balances. (2 marks) Partner Drew's share of net income is $ Justification: 2. Net income for the year was $120,000. The partnership agreement provides for a $30,000 salary for Eaton and 20% interest on January 1 capital balances. These balances were $50,000 for each partner on January 1. Partner Eaton's share of net income is $ Justification: 3. Net loss for the year was $110,000. Neither salaries nor interest on capital balances is to be paid. Partner Drew's share of net loss is $ Justification