On January 1, 2023, the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $34,000, $65,000, and $67,000, respectively. Over the next three years, the business reported net income and (loss) as follows:

2023	$ 77,000
2024	49,000
2025	(32,000)

During this period, each partner withdrew cash of $18,000 per year. Krause invested an additional $4,000 in cash on February 9, 2024.

At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan written as follows:

• Each partner is entitled to interest computed at the rate of 10 percent per year based on the individual capital balances at the beginning of that year.
• Because of prior work experience, Angela is entitled to an annual salary allowance of $15,500 per year, and Diaz is entitled to an annual salary allowance of $9,700 per year.
• Any remaining profit will be split as follows: Angela, 20 percent; Diaz, 45 percent; and Krause, 35 percent. If a net loss remains after the initial allocations to the partners, the balance will be allocated: Angela, 30 percent; Diaz, 55 percent; and Krause, 15 percent.

Required:

Prepare a schedule that determines the ending capital balance for each partner as of the end of each of these three years.

Prepare a schedule that determines the ending capital balance for each partner as of the end of 2023 . Note: Amounts to be deducted should be indicated with minus sign. Prepare a schedule that determines the ending capital balance for each partner as of the end of 2025 . Note: Amounts to be deducted should be indicated with minus sign. Do not round intermediate calculations. Round your final answers to nearest dollar amounts. Prepare a schedule that determines the ending capital balance for each partner as of the end of 2024 . Note: Amounts to be deducted should be indicated with minus sign