Jill, Jack and Jane are partners. During the current year their average capital balances were as follows: Jill Jack Jane $60,000 $40,000 $20,000 The partnership agreement provides that partners shall receive an annual allowance of 5% of their average capital balance plus a salary allowance as follows: Jill Jack Jane Nil $12,000 $11,000 Partner Jack, who manages the business, is to receive a bonus of 20% of the profits in excess of $15,000 after partners' interest & salary allowances. Residual profits are to be divided: 1/2 Jill Jack Jane 1/3 1/6 Required: Prepare a schedule showing how profits will be divided among the three partners if the profit for the year is $68,000. Show your calculations clearly