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Mo, Lu, and Darts formed the ML Partnership by making investments of $74700, $290.500, and 5464 100. respect They predict annual partnership net income of

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Mo, Lu, and Darts formed the ML Partnership by making investments of $74700, $290.500, and 5464 100. respect They predict annual partnership net income of $492,000 and are considering the foowing alternatives of thing income and loss equally to in the rate of the initial capital investments or dataryallowances of 583 200 10 Mo 562.400 to tu, and 594,000 to larta interest allowances of 10% on the initial capital investments and the remaining balance shared as follows 20% to Mo, 40% to Lu, and 40% to Bar 2. Prepare a statement of partners' equity showing the allocation of income to the partners assuming they agree to use plan that income earned is $492,000, and that Mo, Lu, and Barb withdraw $38,800.552,800, and $68,800, respectively at year end. (Do not round intermediate calculations. Enter all allowances as positive values. Enter losses as negative values.) MLS PARTNERSHIP Statement of Partners' Equity For Year Ended December 31 Mo Bart Total Initial partnership invest Not income 0 Total net income Total 0 0 0 0 0 $ 0 5 0 $ $ O

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