Homework: Unit 1 Assignment 1 -core: 0 of 14 pts 12-16 (similar to) 42 of 3 (1 complete) Nicole Herrera & 01/31/21 7:59 PM Sav HW Score: 14.29% 6 of 42 Question Help Y Polasky and Walter have formed a partnership. During their first year of operations, the partnership earned $110,000. Their-profe-and-loss-sharing agreement states that, frst, each parmer will receive 5% of their capal belaces The second level is based on services, with $20,000 to Polasky and $12,000 to Walter. The remainder then will be shared 1:1 between Polasky and Walter, respectively Read the requirements Requirement 1. Calculate the amount of income each partner will receive under their proft-and-loss-sharing agreement assuming Polasky's capital balance is $85,000 and Water's capital bedience is $85,000 (Compa boses. For amounts that are $0, make sure to enter "0" in the appropriate column) Polasky Walter Total Net income (loss) Capital allocation: Polasky Walter Salary allowance: Polasky Water Total salary and capital allocation Net income (loss) remaining for allocation Share of remainder: Polacky Walter Total allocation Enter any number in the edit Selds and then click Check Answer 1 part remaining Type here to search Clear All E 511 AT 2 Pitsen Home 16 S Final Check 8:00PM VELO