PA 1. LO 15.3 The partnership of Tatum and Brook shares profits and losses in a 60:40 ratio, respectively, after Tatum receives a 10,000 salary and Brook receives a 15,000 salary. Formulate a schedule showing how the profit and loss should be divided, assuming the profit or loss for the year is:

A. $40,000

B. $25,000

C. ($5,000)

In addition, show the resulting entries to each partner's capital account. Tatum's capital account balance is $50,000, and Brook's is $60,000.