Homework (ch. 12) Questions 3-5 (of8) Problem 12-3A Partnership income allocation, statement of partners' equity, an IThe following information applies to the questions displayed below.J Bill Beck, Bruce Beck, and Barb Beck formed the BBB Partnership by making capital contributlons of $67.500, $262,500, and $420,000, respectively They predlct annual partnership net Income of $450,000 and are considering the following alternative plans of sharIng Income and loss: (a) equally, (b) In the ratio of their Inltial capital Investments; or (c) salary allowances of $80,000 to BIll, $60,000 to Bruce, and $90,000 to Barb; Interest allowances of 10% on their Initial capital Investments: and the balance shared as follows: 20% to BIll, 40% to Bruce, and 40% to Barb. References Section Break Problem 12-3A Partnership income allocation, statement of partners' guity and closing entries