Given data below

plans for sharing profits and losses given below

Complete plan A,B,C given below

ALPHA and OETA are in the process of forming a partnership to import Belgian chocolates, They have discussed the following alternative plans for sharing profit and losses. a. In the ratio of their initial investments, which they have agreed will be $160,000 for ALPHA and $240,000 for BETA b. A salary allowance of $5,000 per month to BETA and the balance in accordance with their initial investment ratio. C. A $5,000 per month salary allowance to BETA, 15% interest on their initial investments, and the balance equally. The partners expect the business to generate profit as follows: Year I. 100.000 loss. Year 2. $150.000 profit; and Year 3. $250,000 profit. 1 2 4 Complete a schedule for each of the plans being considered by showing how the partnership profit or loss for each year would be allocated to the partners. Round your answers to the nearest whole dollar $ 160,000 $ 240,000 Given Data: Investment by ALPHA Investment by BETA Ratio of time devoted to business: ALPHA BETA Expected profits (losses) Year 1 Year 2 Year 3 1 to 3 $ 150,000 $ 250,000 Plan a In the ratio of initial investments Plan b: In proportion to time devoted to business Plan c: Monthly salary allowance to BETA Balance in the ratio of initial investments Plan d: Monthly salary allowance to BETA Interest allowance on initial investments Balance equally $ 5,000 $ 5,000 15% Share to ALPHA Share to BETA Total Plan A Year 1 Profit Allocation in proportion to initial Initial investment Divide by total investment $ -0- -0- OZ -0- 07 -0- $ $ Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner $ -O- $ -0- $ -- $ -0- -0- -O- $ -0- $ $ -0- 2 Profit Allocation in proportion to initial Initial investment Divide by total investment $ $ -0- -0- -0- 07 -0- $ 0% -0- $ Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner $ -0- $ -0- -0- $ $ -0- $ -0- $ 3 Profit Allocation in proportion to initial Initial investment Divide by total investment $ $ -0- OZ $ $ Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner $ -0- $ -0- $ -0- $ $ -0- $ -0- Share to ALPHA Share to BETA Total $ -0. $ -0. $-0- Year 1 Profit Salary allowance Balance of profit Allocation in proportion to initial investment: Initial investment Divide by total investment $ -0. -0. 0% $-0- $ -0. -0- 0% $ -0. Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner -0- -0- -0- $-0. 2 $-0- $ -0. $ -0. -0- $ -0. Profit Salary allowance Balance of profit Allocation in proportion to initial investment: Initial investment Divide by total investment -0- 0% $-0- $ -0. -0- 0% $-0- Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner -0- -0- $-0- 3 $-0- $-0. -0- $-0- Profit Salary allowance Balance of profit Allocation in proportion to initial investment: Initial investment Divide by total investment $ -0. -0- 0% $-0- -0- 0% Times profit Allocation in proportion to initial investment Balance of profit Allocation to each partner -0- -0- -0- Year Share to ALPHA Share to BETA Total $-0- $ -0. $-0- $ -0. 0% $-0. 0% 0. -O- -O- $-0. $-0- 0% $ -0. 02 -0- 0- 0 $-0- 1 Profit Salary allowance Balance of profit Interest allowances: Investment Times interest rate Interest allowances Balance of profit Allocation of balance of Balance of profit Times share Allocation of balance of profit Balance of profit Allocation to each partner 2 Profit Salary allowance Balance of profit Interest allowances: Investment Times interest rate Interest allowances Balance of profit Allocation of balance of Balance of profit Times share Allocation of balance of profit Balance of profit Allocation to each partner $ -0. -0- $-0- $-0- 0% $-0. 0% -0- -0. -0- $-0- $-0- 0% 0% -0- -0- $ -0. $ -0. $ -0. $ -0. 0% $-0. 0% -0- -0. 3 Profit Salary allowance Balance of profit Interest allowances: Investment Times interest rate Interest allowances Balance of profit Allocation of balance of Balance of profit Times share Allocation of balance of profit Balance of profit Allocation to each partner -0- $-0- $-0- 0% 0% 0- 0- -0