Partner bonuses, statement of partnership equity The partnership of Angel tnvestor Associotes began operations on January 1, 20y5, with contributions from two parthers as follows: The following additional partner transactions took place during the year: 1. In early January. Randy Campbell is admitted to the partnership by contributing $45,900 cash for a 27% interest. 2. Net income of $220,000 was earned in 20Y5. In addition, Dennis Overton received a salary allowance of $50,000 for the year, The three partners agree to an income sharing ratio equal to their capital balances after admitting Campbell. 3. The partners' withdrewals are equal to half of the increase in their capital balances from salary allowance and income. Prepare a statement of partnership equity for the year ended December 31 , 20y5. If an amount box does not require an entry, leave it blank