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.

$\backslash$table$[[$Account$,$Balance$*,$Account,Balance$*,],[$Accounts payable,$$9,700,$Keith Williams, capital$**,$$$30,300,],[$Accumulated depreciation,$77,000,$Keith Williams, withdrawals,$52,000,],[$Brian Adams, capital$**,24,000,$Note payable, due May $2022******,124,000,],[$Brian Adams, withdrawals,$62,000,$Office supplies,$18,000,],[$Cash$,210,400,$Revenues,$484,000,],[$Equipment$,304,000,$Utilities payable,$1,400,],[$Expenses$,104,000,,,]]$

"Assume all account balances are normal.

$*$The partners made no investments during the year.

${?}^{******}$$$42,000$ of the note payable is due in May $2021.$

Required:

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 $$92,000$ per year salary allowance to Williams, a $$152,000$ per year salary allowance to Adams, and the remainder on a $3$:$2$ ratio. $($Leave no cell blank. Enter $"0"$ when the answer is zero.$)$

$\backslash$table$[[,$Williams,Adams,Total$],[$Profit$,,,],[$Salary allowance,,,$],[$Balance of profit to be allocated,,,$],[$Balance allocated on a $3\mathrm{.}2$ ratio,,,$],[$Balance of profit,,,$],[$Shares of the partners,,,$]]$