ership. Andy contributed $28.000: Barry. $43.400; and Chuck. $68.600. Andy will manage the stor Requirements - X 1. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2025 is $47,000, and the partnership agreement allocates 60% of profits to Andy, 30% to Barry, and 10% to Chuck. The agreement does not discuss the sharing of losses. b. Net income for the year ended September 30, 2025, is $100,000. The first $30,000 is allocated on the basis of relative partner capital balances. The next $40,000 is based on service, with $30,000 going to Andy and $10,000 going to Barry. Any remainder is shared equally. 2. Using plan b, prepare the partnership statement of partners' equity. Assume Andy, Barry, and Chuck each withdrew $9,000 from the partnership during the year. Print Done