Pederson and Waddel have formed a partnership. During their first year of operations, the partnership earned $60,000. Their-profit-and-loss- services, with $16,000 to Pederson and $12,000 to Waddel. The remainder then will be shared 4:1 between Pederson and Waddel, respectiv Read the requirements Requirement 1. Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement assuming Pederson make sure to enter "0" in the appropriate column.) Pederson Waddel Total Net income (loss) Capital allocation: Pederson Waddel Salary allowance: Pederson Waddel Total salary and capital allocation Net income (loss) remaining for allocation Share of remainder: Pederson Waddel Total allocation Net income (loss) remaining for allocation Net income (los) allocated to the partners med $60,000. Their-profit-and-loss-sharing agreement states that first, each partner will receive 12% of their capital balances. The second level is based on en Pederson and Waddel, respectively, ang agreement assuming Pederson's capital balance is $85,000 and Wadders capital balance is $85,000. (Complete all answer boxes. For amounts that are so