I need the process please, step by step.

4) John, Carla \& Wen form a partnership and agree to allocate income equally after recognition of 12% interest in beginning capital balances and monthly salary allowances of $1,000 to John, $2,000 to Carla and $3,000 to Wen. Capital balances on January 1 , were as follows: John: $50,000 Carla: $55,000 Wen: $60,000 Required: Calculate the net income (loss) allocation to each partner under each of the following independent situations: Net income: $100,000 Net income: $25,000 Net loss: $14,800 4) John, Carla \& Wen form a partnership and agree to allocate income equally after recognition of 12% interest in beginning capital balances and monthly salary allowances of $1,000 to John, $2,000 to Carla and $3,000 to Wen. Capital balances on January 1 , were as follows: John: $50,000 Carla: $55,000 Wen: $60,000 Required: Calculate the net income (loss) allocation to each partner under each of the following independent situations: Net income: $100,000 Net income: $25,000 Net loss: $14,800