Jones, Silva, and Thompson form a partnership and agree to allocate income equally after recognition of 10% interest on beginning capital balances and monthly salary allowances of $2,010 to Jones and $1,480 to Thompson. Capital balances on January 1 were as follows:

Jones

$40,100Silva

25,100Thompson

30,200

Calculate the net income (loss) allocation to each partner under each of the following independent situations.

1.

Net income for the year is $99,120.2.

Net income for the year is $38,160.3.

Net loss for the year is $15,750.

(Enter loss allocation using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).)