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On January 1,2020 , the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $32,000,$60,000. and $62.000, respectively. Over the next

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On January 1,2020 , the dental partnership of Angela, Diaz, and Krause was formed when the partners contributed $32,000,$60,000. and $62.000, respectively. Over the next three years, the business reported net income and (loss) as follows: During this period, each partner withdrew cash of $13,000 per year. Krause invested an additional $4,000 in cash on February 9, 2021 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 entitied 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 $13,000 per year, and Diaz is entitled to an annual salary allowance of $9,200 per year. - Any remaining profit will be split as follows: Angela, 30 percent; Diaz, 35 percent; and Krause, 35 percent. If a net loss remains after the initial allocations to the partners, the balance will be allocated: Angela, 40 percent; Diaz, 45 percent; and Krause, 15 percent. Prepare a schedule that determines the ending capital balance for each partner as of the end of each of these three years

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