Partnership Income Allocation$-$Various Options

The January $1,2023,$ balance sheet of the partnership of Linda Kingston and Jeannette Allen is shown below.

$\backslash$table$[[$Assets$,$Liabilities and Capital$],[$Cash$,$$$20,000,$Liabilities,$$60,000$

$($C$)$ the partnership agreement specifies that income is divided equally after paying each partner $10$ percent interest on her weighted average capital balance.

$($D$)$ The partnership agreement specifies that Kingston and Allen recieved salaries of $$45,000$ and $$40,000,$ respectively, and that each partner recieves $5$ percent interest on her capital balance at the beginning of the year. salary and interest allocations are to be fully implemented. Any remaining income is to be divided equally.