Partners Johnson, Kane and Lehman agreed to the following provisions for sharing profit or loss from their partnership: 1. Johnson, Kane and Lehman receive salaries of $55,000, $45,000, and $62,000, respectively. 2. Interest on average capital investment is credited at the rate of 8 percent per annum. 3. Residual profit or loss is shared in the ratio 5:2:3. 4. All provisions are to be fully implemented. The average capital investments for the year are: a. Prepare a schedule to allocate partnership income of $252,000. b. Repeat part a for income of $150,000. c. Suppose Johnson, as managing partner, is entitled to a bonus of 20 percent of profit after the bonus but before other allocation provisions. Prepare a schedule to allocate partnership income of $252,000