Freeley and Hart form a partnership, contributing $28,750 and $86,250, respectively. Determine their shares of net income or net loss for each of the following independent situation's: (Use a minus sign or parentheses when entering losses.) (Click on the icon to view the independent situations.) Determine partners' shares of net income or net loss for situation b. Determine partners' shares of net income or net loss for situation c. a. Net loss is $80,000 and the partners have no written partnership agreement. b. Net income is $70,000 and the partnership agreement states that the partners share profits and losses on the basis of their capital balances. c. Net income is $200,000. The first $120,000 is shared on the basis of capital balances. The next $60,000 is based on partner service, with Freeley receiving 20% and Hart 80%. The remainder is shared equally