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Mo , Lu , and Barb formed the MLB Partnership by making investments of $ 6 7 , 5 0 0 , $ 2 6
Mo Lu and Barb formed the MLB Partnership by making investments of $$ and $ respectively. They predict snnual partnership net income of $ and are considering the following alternative plans of sharing income and losa: a equally, b in the ratio of their initial capital investments; or c salary allowances of $ to $ to Lu and $ to Barb; interest allowances of on their initial capital investments; and the remaining balance shared as follows: to Mo to Lu and to Barb.
Required
Prepare a table with the following column headings. Use the table to show how to distribute net income of $ for the calendar year under each of the alternative plans being considered.
tabletableIncome LossSharing
PlanCalculations,MoBarb,,Total
I just need help with b & c on how to get to the answer step by step.
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