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Mo , Lu , and Barb formed the MLB Partnership by making investments of $ 7 9 , 2 0 0 , $ 3 0
Mo Lu and Barb formed the MLB Partnership by making investments of $ $ and $ respectively. They predict annual partnership net income of $ and are considering the following alternative plans of sharing income and loss: a equally; b in the ratio of their initial capital investments; or c salary allowances of $ to Mo $ 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: Use the table to show how to distribute net income of $ for the calendar year under each of the alternative plans being considered. Note: Do not round intermediate calculations.
Mo Lu and Barb formed the MLB Partnership by making investments of $ $ and $ respectively. They predict annual partnership net income of $ and are considering the following alternative plans of sharing income and loss: a equally; b in the ratio of their initial capital investments; or c salary allowances of $ to Mo $ 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:
Use the table to show how to distribute net income of $ for the calendar year under each of the alternative plans being considered.
Note: Do not round intermediate calculations.
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