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Exercise #1 (20 pts) Peter And Paul partnership displays the following on 31/12/2019: Beginning capital: Peter 50,000 Paul 60,000 Income ratio: 5:6 Respectively for Peter

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Exercise #1 (20 pts) Peter And Paul partnership displays the following on 31/12/2019: Beginning capital: Peter 50,000 Paul 60,000 Income ratio: 5:6 Respectively for Peter and Paul Net Income 99,000 Salary: Peter 22,000 Paul 24,000 Interest on beginning Cap: 8% per year Question A :Fill the empty cases. Peter Paul Total Explanation Salary Interest Total Salaries +Interest Sharing Profit/Loss Total for each partner Question B: Journalize the division of Income on each partner Cap

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