Numbers in the drop down list include

$262,500

$287,000/$820,000

$420,000

$459,200/$820,000

$67,500

$73,800/$820,000

$750,000

$750,000/$262,500

$750,000/$420,000

$750,000/$67,000

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1/3

Please send back with same table thanks!

Required information Problem 12-4A Partnership income allocation, statement of partners' equity, and closing entries LO P2 [The following information applies to the questions displayed below.] Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $73,800, $287,000, and $459,200, respectively. They predict annual partnership net income of $487,500 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 $82,800 to Mo, $62,100 to Lu, and $93,500 to Barb; interest allowances of 10% on their initial capital investments; and the balance shared as follows: 20% to Mo, 40% to Lu, and 40% to Barb. Problem 12-4A Part 1 Required: 1. Use the table to show how to distribute net income of $487,500 for the calendar year under each of the alternative plans being considered. (Do not round intermediate calculations.) Income (Loss) Sharing Plan Plan (a) M Barb Lu Total Net Income (loss) Balance allocated equally Balance of income (loss) 487,500 0 $487,500 C $ 0 0 Shares to the partners 0 $ $ Plan (b) Net Income (loss) Total Lu Barb 487,500 Balance allocated in proportion to initial investments 0 Balance of income (loss) $487,500 0 $ C 0 $ 0 Shares to the partners Plan (c) Net income (loss) Salary allowances Balance of income (loss) Interest allowances Balance of income (loss) Total Lu Barb $487,500 0 0 Balance allocated Balance of income (loss) 0 0 Shares of the partners 0 0 0 0