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I am having trouble calculating net income for each partner, can you plaese help? Alford, Beeson, and Carton have operated a coffee shop for a

I am having trouble calculating net income for each partner, can you plaese help?
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Alford, Beeson, and Carton have operated a coffee shop for a number of years as a partnership. At the beginning of 2024, capital balances wore as follows: Due to a cash shortage. Alford invests an additional \$14.000 in the business on April 1, 2024 Each partner is allowed to withdraw $1,000 cash each month. The partners have used the same method of allocating profits and losses since the business's inception: - Each partner is given the following compensation allowance for work done in the busines: Alford, \$10,000; Beeson, \$20,000, and Carton, $6.000. - Each partner is credited with interest equal to 20 percent of the average monthly capital balance for the year without regard for normal drawngs. - Any remaining profit or loss is allocated 3:2:5 to Alford, Beeson, and Cariton, respectively, The net income for 2024 is $30,000. Each partner withdraws the allotted amount each month Required: Prepare a schedule showing calculations for the partners' 2024 ending capital balances Note: Amourits to be deducted should be indicated with minus sign

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