LEONARD, ARTHUR & JULIUS FORMED THE THREE BROTHERS PARTNERSHIP. LEONARD INVESTED $150,000 AND JULIUS INVESTED $100,000, LEONARD & ARTHUR EACH WORKED TIME & JULIUS WORKED FULL TIME.

IN 2017, THE PARTNERSHIP HAD NET INCOME OF 300,000

REQUIRED: SHOW HOW THE 300,000 NET INCOME WOULD BE DIVIDED UNDER EACH OF THE FOLLOWING PLANS:

A). EQUAL DISTRIBUTION

B). BASED ON INITIAL INVESTMENT

C). BASED ON TIME DEVOTED TO THE BUSINESS

D). BASED ON THE FOLLOWING PLAN,

10% RETURN ON INVESTMENT

SALARIES OF $75,000 TO LEONARD & ARTHUR & $150,000 TO JULIUS, REMAINDER EQUALLY