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Parther bonuses, statement of parthership equify The pertnership of Angel Investor Associates began operations on January 1, 20Y5, with contributions from two parthers as foliows:

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Parther bonuses, statement of parthership equify The pertnership of Angel Investor Associates began operations on January 1, 20Y5, with contributions from two parthers as foliows: The following additional partner transactions took place during the vear; 1. In early January, Randy Campbell is admitted to the pertnershio by contrbuting $30,380 cash for a 14% interest. 2. Net income of $280,000 was earned in 20r5. In addion, Dennis Overton received a salary allowance of $60,000 for the yeac, The three parthers agree to an incomesharing ratis equal to their capital balances after admitting Compbell. 3. The partners' withdrawals are equal to half of the increaso in their captal balances from salary allowance and income. Prepere a statement of partnership equity for the year ended December 31,20r5. If an ambunt box does not require an entry, leave it blank

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