E-Z Manufacturing Company is a partnership among Yolando Gonzales, Willie Todd, and Linda Walker. The partnership contract states that partnership profits will be split equally among the three partners. During the current year Gonzales withdrew $25,000, Todd withdrew $23,000, and Walker withdrew $35,000. Net income of E-Z Manufacturing Company amounted to $180,000. a. Calculate each partner's share of net income for the period. b. What would be the effects, if any, that partnership operations would have on the individual tax returns of the partners? c. Prepare a statement of partners' equity for the year. Assume that partners' capital accounts had beginning balances of $50,000, $60,000, and $40,000 for Gonzales, Todd, and Walker, respectively. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required B Prepare a statemen. Is' equity for the year. Assume that partners' capital accounts had beginning balances of $50,000, $60,000, and $40,000 for Gonzales, Todd, and Walker, respectively. E-Z MANAUFACTURING COMPANY Statement of Partners' Equity For the Year Ended December 31, 20xx Gonzales Todd Walker Total Balances, January 1, 20xx Subtotals $ 0 $ 0 $ 0 $ 0 Balances, December 31, 20xx $ O $ 0 $ 0 $ 0