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Mo, Lu, and Barb formed the MLB Partnership by making investments of $83,700,$325,500, and $520,800, respectively. They predict annual partnership net income of $544,500 and

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Mo, Lu, and Barb formed the MLB Partnership by making investments of $83,700,$325,500, and $520,800, respectively. They predict annual partnership net income of $544,500 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 $87.200 to Mo, $65,400 to Lu, and $99,000 to Barb; interest allowances of 10% on theit initial capital investments; and the remaining balance shared as follows: 20% to Mo, 40% to Lu, and 40% to Barb. Required: 1. Use the table to show how to distribute net income of $544,500 for the calendar year under each of the alternative plans being considered. Note: Do not round intermediate calculations. (1) Required information

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