GEORGE AND KENNETH PARTNERSHIP Adjusted Trial Balance December 31, 2024 Debit Credit Current assets $41,000 Equipment 104,000 Accounts payable $23,000 Long-term debt 60,000 George, capital 42,000 George, drawings 286,000 Kenneth, capital 34,000 Kenneth, drawings 261,000 Service revenue 617,000 Operating expenses 84.000 $776,000 $776,000 The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows: 1. A salary allowance of $334,000 to George and $274,000 to Kenneth. 2. The remainder is to be divided equally. 2024, appears be $776,000 $776,000 The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows: 1 A salary allowance of $334,000 to George and $274,000 to Kenneth. 2 The remainder is to be divided equally. Prepare a schedule that shows the division of profit to each partner. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg (45).) Profit Salary allowance Deficiency remaining for allocation Fixed ratio Deficiency remaining for allocation Division of profit GEORGE AND KENNETH PARTNERSHIP George Division of Profit $ Kenneth Tot $