Rivera Cumulativ Elliot Tota I Profit and loss percentage Salary Bonus (see Note A) Interest on capital (see Note 8): $80,000 $90,538 Sam pson So, ooo $88,662 $100,000 30,000 3,750 3,000 3,500 3,500 7,050 $150,800 $260,000 290,000 296,250 300,875 306,625 312,375 330,000 Balance Total Note A: Note 8: 10% interest on quarter 1 average 10% interest on quarter 2 average 10% interest on quarter 3 average 10% interest on quarter 4 average Calculation of Annual Bonus Bonus When Income Is $330,000 Bonus 110% Bonus 110% Bonus 10% (Net Income Bonus) = x $330,000 = $33,000 = $30,000 Bonus Determination of Interest on Capital Quarter Component Net capital beginning balance Draws Profit allocation Capital investment Total Weighted total (3/12 of a year) Beginning balance Draws Total Weighted total (3/12 of a year) Beginning balance Draws Profit allocation Loan conversion Total Weighted total (3/12 of a year) Beginning balance Draws 4 profit allocation Total Weighted total (3/12 of a year) S S S S S S S Rivera 40,000 (30,000) 40,000 50,000 12,500 50,000 (10,000) 40,000 10,000 40,000 (20,000) 40,000 60,000 15,000 60,000 60,000 15,000 Sam pson 50,000 (40,000) 40,000 50,000 S 12,500 50,000 (25,000) S 25,000 S 6,250 25,000 (50,000) 40,000 $ 15 ooo S 30,000 S 7,500 30,000 S 30,000 S 7,500 Elliott $ 70 ooo $ 40 ooo $ 40 ooo S 150 ooo S 37 500 $ 150 ooo (30,000) S 120 ooo S 30 ooo $ 120 ooo (20,000) $ 40 ooo S 140 ooo S 35 ooo $ 140 ooo S 140 ooo S 35 ooo