On February 12, 2022, Jones and Proudfoot created a partnership together. Jones contributed $30,000 cash and land valued at $20,000. Proudfoot contributed $10,000 cash, land valued at $25,000 and a building valued at $65,000. They agree to share profits as follows: - Jones is to receive an annual "salary" of $10,000. Proudfoot does not receive "salary". - Each partner is to receive 10% "interest" on his original capital investment, and any remaining profit or loss is to be shared equally. - The company had net income of $20,000 during its first year. Required: Determine the distribution of Net Income after the first year of operation using the table below OR create a word or excel file for your work and upload the file in the space below