I need help I have tried to do it but dont understand it
Connect X * Homework Help - Q&A from On x Bb Courses - Blackboard Learn x + X O https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... > O . . . ACG4201 Ch 15 i Saved Help Save & Exit Submit Check my work C. Eastwood, A. North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: 20 C. Eastwood, Capital points 9/1 8,700 1/1 31, 200 5/1 6, 600 Skipped A. North, Capital eBook 3/1 9,900 1/1 42,000 7/1 6,500 Print 9/1 5,900 References M. West, Capital 8/1 13,906 1/1 50,700 4/1 8,800 6/1 4, 400 Required: For each of the following independent income-sharing agreements, prepare an income distribution schedule. a. Salaries are $16,900 to Eastwood, $20,200 to North, and $20,000 to West. Eastwood receives a bonus of 5 percent of net income after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $78,960. (Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Mc Graw Hill ducation Type here to search O M a 8:21 PM 9/26/2020Connect X * Homework Help - Q&A from On x Bb Courses - Blackboard Learn x + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... > O . . . ACG4201 Ch 15 i Saved Help Save & Exit Submit Check my work 6/1 - > - - - 4,400 Required: 20 For each of the following independent income-sharing agreements, prepare an income distribution schedule. points a. Salaries are $16,900 to Eastwood, $20,200 to North, and $20,000 to West. Eastwood receives a bonus of 5 percent of net income Skipped after deducting his bonus. Interest is 10 percent of ending capital balances. Eastwood, North, and West divide any remainder in a 3:3:4 ratio, respectively. Net income was $78,960. (Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) eBook Print Eastwood North West Total 4: 10 References Profit ratio 3 3 Ending capital Net income Salary Bonus Interest on ending capital balance Residual income (deficit) $ 0 Allocate 0 Total $ 0 $ 0 $ 0 $ 0 Mc Graw Hill Type here to search O a 8:21 PM 9/26/2020Connect X * Homework Help - Q&A from On x Bb Courses - Blackboard Learn x + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... > O . . . ACG4201 Ch 15 i Saved Help Save & Exit Submit Check my work b. Interest is 10 percent of weighted-average capital balances. Salaries are $24,200 to Eastwood, $22,200 to North, and $25,200 to 20 West. North receives a bonus of 10 percent of net income after deducting the bonus and her salary. Any remainder is divided equally. points Net income was $69,390. (Do not round intermediate calculations. Round the final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Skipped Eastwood North West Total eBook Profit ratio Average capital Print Net income References Interest on average capital balance Salary Bonus Residual income (deficit) $ Allocate Total $ 0 $ 0 $ 0 $ Mc Graw Hill Type here to search O a 8:21 PM 9/26/2020Connect X * Homework Help - Q&A from On x Bb Courses - Blackboard Learn x + X https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fne... > O . . . ACG4201 Ch 15 i Saved Help Save & Exit Submit Check my work 20 c. West receives a bonus of 20 percent of net income after deducting the bonus and the salaries. Salaries are $21,200 to Eastwood, points $19,200 to North, and $16,500 to West. Interest is 10 percent of beginning capital balances. Eastwood, North, and West divide any remainder in an 8:7:5 ratio, respectively. Net income was $96,020. (Do not round intermediate calculations. Amounts that are to be Skipped deducted from an individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total eBook Profit ratio Print Beginning capital References Net income Bonus 0 Salary 0 Interest on beginning capital balance 0 Residual income (deficit) $ 0 Allocate Total $ 0 $ 0 $ 0 $ Mc Graw Hill Education Type here to search O a SO 8:21 PM 9/26/2020
