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help with b and c please. Return to question Dallas and Weiss formed a partnership to manage rental properties, by investing $104,000 and $156,000, respectively.

help with b and c please.
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Return to question Dallas and Weiss formed a partnership to manage rental properties, by investing $104,000 and $156,000, respectively. During its first year, the partnership recorded profit of $400,000 Required: Prepare calculations showing how the profit should be allocated to the partners under each of the following plans for sharing profit and losses: a. The partners failed to agree on a method of sharing profit. Answer is complete and correct. Share to Share to Total Dallas Weiss $ 200,000 $ 200,000 $ 400,000 Profit b. The partners agreed to share profits and losses in proportion to their initial Investments. Share to Dallas Share to Weiss Total c. The partners agreed to share profit by allowing a $141.000 per year salary allowance to Dallas, an $71000 per year salary allowance to Weiss, 20% interest on their initial investments, and sharing the balance equally. (Leave no cell blank. Enter "o" when the answer is zero.) Answer is not complete. Share to Share to Dallas Weiss Total 0 $ $ 0 0 Total salaries and interest allocation Balance of profit $ 0 Balance allocated equally Balance of profit Shares of each partner 0 0 $ $ 0 $ $

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