On October 1, 2024, Arnold, Brodie, and Carson formed the A, B and C partnership. Arnold contributed $25,200; Brodie, $42,000; and Carson, $52,800. Arnold will manage the store; Brodie will work in the store three-quarters of the time; and Carson will not work in the business. Read the requirements. Requirement 1. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2025, is $44,000, and the partnership agreement allocates 70% of profits to Arnold, 15% to Brodie, and 15% to Carson. The agreement does not discuss the sharing of losses. (Use parentheses or a minus sign for loss amounts. Complete all answer boxes. For amounts that are $0, make sure to enter "0" in the appropriate cell.) a. Net income (loss) A, B and C Allocation of Profits and Losses Arnold Capital allocation: Arnold Brodie Carson Total capital allocation Net income (loss) remaining for allocation Net income (loss) allocated to each partner Requirements Brodie Carson Total 1. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2025 is $44,000, and the partnership agreement allocates 70% of profits to Arnold, 15% to Brodie, and 15% to Carson. The agreement does not discuss the sharing of losses. b. Net income for the year ended September 30, 2025, is $95,000. The first $40,000 is allocated on the basis of relative partner capital balances. The next $34,000 is based on service, with $24,000 going to Arnold and $10,000 going to Brodie. Any remainder is shared equally. 2. Using plan b, prepare the partnership statement of partners' equity. Assume Arnold, Brodie, and Carson each withdrew $8,000 from the partnership during the year.