1. Mary Wilson and Patrick Clark began a partnership several years ago called the gift consultant. Adjusted trial balance information for the year ended September 30,2014, appears below:

Account Balance	Account Balance
Account payable $18000 Account Receivable $47000 Accumulated depreciation, office furniture $6000 Accumulated depreciation, vehicles 21000 Allowance for doubtful account 3000 Cash 34000 Mary , capital 46000 Mary, withdrawal 50000 Consulting Revenue 214000	Expenses $94000 Note payable due March 2017 $25000 Office furniture 33000 Prepaid Rent 12000 Patrick, capital 85000 Patrick, withdrawals 75000 Unearned fees 7000 Vehicles 68000

Prepare calculations that show how the income should be allocated to the partners assuming the partnership agreement states that the loss/gain are to be shared by allowing an $88000 per year salary allowance to Clark, $18000 allowance per year to Wilson, 15% interest on the beginning of the year balances and the remainder equally. (note Clark invested $12000 during the year)