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 $1,490 to Thompson. Capital balances on January 1 were as follows: Jones $39,900 Silva 25,200 Thompson 29,900. Calculate the net income (loss) allocation to each partner under each of the following independent situations.

1.Net income for the year is $99,200.

2.Net income for the year is $38,450.

3.Net loss for the year is $15,490.

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

				Jones		Silva		Thompson
1.		Income (Loss) allocation		$		$		$
2.		Income (Loss) allocation		$		$		$
3.		Income (Loss) allocation		$		$		$