K Randy Denfield and George Gordon form a partnership, investing $120,000 and $160,000, respectively. Determine their shares of net income or net loss for each of the following situations: a. Net loss is $135,000, and the partners have no written partnership agreement. b. Net income is $108,500, and the partnership agreement states that the partners share profits and losses based on their capital investments. c. Net income is $280,000. The first $132,000 is shared based on the partner capital investments. The next $100,000 is shared based on partner service, with Denfield receiving 20 percent and Gordon receiving 80 percent. The remainder is shared equally Determine the shares of net income or loss for each partner for situation a. (Use a minus sign or parentheses when entering losses. Hold all decimals in interim calculations. Round your final answer to the nearest whole dollar.) Denfield Gordon Total