HELP INCORRECT ANSWERS GIVEN

Finn and Hunter form a partnership, contributing $30,000 and $120,000, 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.) i (Click on the icon to view the independent situations.) -.. Determine partners' shares of net income or net loss for situation a More info Net income (loss) Hunter Total Finn (65,000) $ Situation a. $ (65,000) $ (130,000) Determine partners' shares of net income or net loss for situation b. a. Net loss is $130,000 and the partners have no written partnership agreement b. Net income is $80,000 and the partnership agreement states that the partners share profits and losses on the basis of their capital balances. c. Net income is $160,000. The first $96,000 is shared on the basis of capital balances. The next $48,000 is based on partner service, with Finn receiving 25% and Hunter 75%. The remainder is shared equally Net income (loss) Finn Hunter Total Situation b. $ 16,000 $ 64,000 $ 80,000 Determine partners' shares of net income or net loss for situation c. Print Done Net income (loss) Finn Total Hunter 76800 Situation c. 19200 96000