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need it now Current Antrengt in Progron war end (a) parentwats (140) 1. Aisemplis oet 1 ined (b1) The Sheridan Partnership reported profit of $69,600
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Current Antrengt in Progron war end (a) parentwats (140) 1. Aisemplis oet 1 ined (b1) The Sheridan Partnership reported profit of $69,600 for the year ended February 29,2024 . Salary allowances are $52,200 for H Lewi and $29,000 for $. Hall. Interest allowances of 5% are calculated on each partner's opening capital account balance. Capital account balances at March 1. 2023, were as follows: H. Lewi $84,000(Cr.) and $. Hall $55.000(Cr). Any remainder is shared equally. Calculate the division of profit to each partner. (a) amonits Step by Step Solution
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