Help Save & Submit 00 8 The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence 15 po Jones, the managing partner, receives a bonus equal to 25 percent of the business's profit Each partner receives 14 percent interest on average capital investment . Any residual profit or loss is divided equally 010404 The average capital investments for 2021 were as follows Jones King Lane $ 155,000 310,000 The partnership camed $70,000 net income for 2021. Prepare a schedule showing how the 2021 net income should be allocated to the partners (Loss amounts should be indicated with a minus sign) Jones King Total Net income Bonus Instant Reminder to cate + 5 0 0 Mc