Frasier and Hill form a partnership, contributing $39,000 and $91,000, respectively. Determine their shares of net income or net loss for each of the following independent situations: (Use a minus sign or parentheses when entering losses.) (Click on the icon to view the independent situations.) More info a. Net loss is $80,000 and the partners have no written partnership agreement. b. Net income is $100,000 and the partnership agreement states that the partners share profits and losses on the basis of their capital balances. c. Net income is $130,000. The first $78,000 is shared on the basis of capital balances. The next $39,000 is based on partner service, with Frasier receiving 25% and Hill 75%. The remainder is shared equally