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On May 1, 2021, Daisy and Rose formed a partnership in Sudbury, Ontario selling plants and flowers for the spring bloom. Partnership Daisy Rose $200,000

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On May 1, 2021, Daisy and Rose formed a partnership in Sudbury, Ontario selling plants and flowers for the spring bloom. Partnership Daisy Rose $200,000 Land $138,000 Building Contribution $298,000 Cash Profit Sharing $168,000 salary allowance 5% of original capital 5% of original capital investments investments 60% of any remaining balance 40% of any remaining balance Cash withdrawal June 20, 2021 $ 118,000 Required: Calculate and match each share of the profit going to each partner according to the partnership agreement if profit for the year was $560,000. Daisy Choose Rose Choose

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