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LO 15.3 The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chloe receives a $5,000 salary. Prepare a

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LO 15.3 The partnership of Chase and Chloe shares profits and losses in a 70:30 ratio respectively after Chloe receives a $5,000 salary. Prepare a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is: 1. $30,000 2. $6,000 3. ($10,000) Memasing moome puocation lypt your ariswer.. typu your arrswer:- Total Division of income $ s Situation 2 Answers: type your answer... type your answer.: \begin{tabular}{|c|c|c|} \hline & Chase & Chioe \\ \hline \multirow{2}{*}{ Salaries } & $ & $ \\ \hline & typo your answer... & type your answer... \\ \hline Remaining Income Allocation & type your answer... & type your answer... \\ \hline \multirow{2}{*}{ Total Division of Income } & $ & \$ \\ \hline & type your answer... & type your answer... \\ \hline \multicolumn{3}{|l|}{ Situation 3 Answers: } \\ \hline & Chase & Chloe \\ \hline \multirow{2}{*}{ Salaries } & $ & s \\ \hline & type your answer... & type your answer... \\ \hline Remaining Income Allocation & type your answer... & type your answer... \\ \hline \multirow{2}{*}{ Total Division of Income } & $ & $ \\ \hline & type your answer... & type your answer... \\ \hline \end{tabular}

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