Give me the explanation in words and numbers but in a table organizad beacause that form is more easy for me to understand. Thanks

Exercise 3 (LO 4) Allocating profits and losses. Johnson, Larson, and Kragen own an advertising agency that they operate as a partnership. The partnership agreement includes the following: a. Johnson receives a salary of $50,000. b. Larson receives a salary of $60,000. c. Kragen receives no salary but a bonus equal to 10% of income after the bonus. d. All partners are to receive 10% interest on their average capital invested. The average capital balances are $40,000,$25,000, and $145,000, respectively, for Johnson, Larson, and Kragen. e. Any residual amounts of profit are to be divided equally between the partners. 1. Determine how $220,000 of income would be allocated. 2. Determine how a loss of $34,000 would be allocated assuming a priority system for allocating losses is not followed. 3. Determine how $132,000 of income is allocated among the partners assuming the following priority system: income should be allocated by first giving priority to salary, then bonus, then interest on invested capital, and then according to the profit and loss percentages