Partners A and B have capital balances in a partnership of 40,000 and 60,000 respectively. They agree to share the profits and losses as follows: Salary A=10000 B=12000 Interest on capital at the begining of the year A=10% B=10%, Remaining profits or losses A=50% B=50%

1a) if net loss for the year was 2000 what would the distribution be for partner B?

1b) if income for the year was 50000 what would the distribution for partner B be?

1c) if income for the year was 30000 what would the distribution for partner A be?