Keith Williams and Brian Adams were students when they formed a partnership several years ago for a part-time business called Music Works. Adjusted trial balance information for the year ended December 31, 2020, appears below. Account Accounts payable Accumulated depreciation Brian Adams, capital** Brian Adams, withdrawals Cash Equipment Expenses Balance* $ 10,300 Keith Williams, capital** 83,000 Keith Williams, withdrawals 30,000 68,000 Account Balance* $ 36,300 58,000 Note payable, due May 2022*** Office supplies 136,000 24,000 217,600 316,000 110,000 Revenues Utilities payable 496,000 2,000 *Assume all account balances are normal. **The partners made no investments during the year. ***$48,000 of the note payable is due in May 2021. Required: 1. Prepare calculations that show how the profit should be allocated to the partners assuming the partnership agreement states that profit/(losses) are to be shared by allowing a $98,000 per year salary allowance to Williams, a $158,000 per year salary allowance to Adams, and the remainder on a 3:2 ratio. (Leave no cell blank. Enter "O" when the answer is zero.) Profit Salary allowance Balance of profit to be allocated Balance allocated on a 3:2 ratio Balance of profit Shares of the partners Williams Adams Total 0 $ 0 0