. Eastwood, A. North, and M. West are manufacturers representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: C. Eastwood, Capital 9/1 8,700 1/1 31,600 5/1 6,400 A. North, Capital 3/1 9,400 1/1 41,500 7/1 5,800 9/1 4,200 M. West, Capital 8/1 13,300 1/1 50,200 4/1 7,200 6/1 4,700 Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $16,500 to Eastwood, $21,100 to North, and $19,200 to West. Eastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $79,800. (Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) b. Interest is 10 percent of weighted-average capital balances. Salaries are $24,800 to Eastwood, $21,500 to North, and $25,200 to West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $69,460. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,500 to Eastwood, $19,100 to North, and $15,400 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $95,060. (Do not round intermediate calculations. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.