= Homework: MyLab ... Question 2, SF12-5 (simil... Part 1 of 2 HW Score: 50%, 5 of 10 points O Points: 0 of 5 Save Armstrong, Montel, and Balley have capital balances of $24,000, 536,000, and $60,000, respectively. The partners share profits and losses as follows 1. The first $30 000 is divided based on the partners capital balances b. The next $30,000 is based on service shared equally by Armstrong and Builty. Montel does not receive a salary allowance 6. The remainder is divided equally Read the requirements Requirement 1, Computo each partner's share of the $81.000 net income for the year (Complete affanswer boxos. For amounts that are so make sure to enter or in the appropriate column) Armstrong Montol Bailey Total 81000 Net income foss) Capital allocation: Armstrong Montor Bailey Salary allowance: Help Me Solve This e Text Pages Calculator Car All Check Answer Ametrong. Montel, and Bailey have capital balances of $24,000, 36,000, and 560,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners capital balances b. The next $30,000 is based on service shared equally by Armstrong and Bailey Montel does not receive a salary allowance t. The remainder is divided equally Read the regulaments Help TP Montal Bailey Total salary and capital allocation Nincome losemaining for allocation Remainder shared equally Among Montel Bay Total stocation Hulicom Dosing for location Help Me Solve This e Text Pages Calculator Para Armstrong, Montel, and Balley have capital balances of $24,000, $36,000 and $60,000, respectively. The partners share profits and losses as follows: a. The first $30,000 is divided based on the partners' capital balances b. The next $30,000 is based on service shared equally by Armstrong and Bailey Montel does not receive a salary allowance C. The remainder is divided equally Read the requirements Montel Bailey Total salary and capital allocation Net Income (loss) romaining for allocation Remainder shared equally: Armstrong Montal Bulley Total allocation Net Income (los) remaining for allocation Not income do acted to the partners