Irene Watts and John Lyon are forming a partnership to which Watts wil devote one-half time and Lyon will devote They have the for sharing and Lyon of their initial capital investments, which they have agreed wil be $42.000 for Watts and s63000 for (b) in proportion to devoted to the business (c) a salary allowance of$6.000 per month to the balance in accordance with inial alowance per Lyon, 10% interest on teir initial captal investments and the balance shared partners expect the business to perform as follows year S36.000 net loss year 2. net income, year Complete the tables, one for each of the first three years, by showing how to alocate partnership income or loss partners under each of the four plans being considered (Do not round intermediate calculations. Round final answers to the nearest whole alues. Enter losses as negative values.) Net Income loss Balance alocated in proportion Balance of income ooss) Shares to the partners 0ls Balance alocated in proportion Balance of income (loss) Shares to the partners