es un d th unts d Lo Requirements 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 $55,000, and the partnership agreement allocates 70% of profits to Adam, 15% to Brett, and 15% to Caleb. The agreement does not discuss the sharing of losses. -X Brett will b. Net income for the year ended September 30, 2025, is $99,000. The first $35,000 is allocated on the basis of relative partner capital balances. The next $34,000 is based on service, with $24,000 going to Adam and $10,000 going to Brett. Any remainder is shared equally. 2. Using plan b, prepare the partnership statement of partners' equity. Assume Adam, Brett, and Caleb each withdrew $14,000 from the partnership during the year. ent dow