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PART IV: Partnerships 10 marks Harper, Cheves, and Calderon have capital investments of $20,000, 530,000, and $50,000 respectively. The partners share profits and losses as follows: a. The first $40,000 is divided based on the partner's capital investments. b. The next $40,000 is based on service, shared equally by Harper and Cheves. c. The remainder is divided equally. Required: Compute each partner's share of the 592,000 net income for the year