Phil and Case are in the process of forming a partnership to import belgian chocolates to which phillip will contribute one-third time and case full time. they have discussed the following alternstive plans for sharing profits

A. In the ratio if their inital investments, which they have agreed will be 240,000 for phil and 360,000 for case.

B. In proportion to the time devoted to the business

C) A salary allowance of 5,000 per month to case and the balance in accordance with their initial investment ratio

D. A 5,000 per month salary allowance to case, 10% interest on their inital investments and the balance equally.

The partners expect the business to generate profit as follows: year 1, 120,000 loss. Year 2 170,000 profit, year 3 270,000 profit.

Complete the scheudles for each of the four plans being considered

Plan b: Year Calculations Share to Phillip Share to Case Total 1 N 3 Year Calculations Share to Phillip Share to Case Total Salary allowances Remainder (initial investment ratio) Shares to each partner Salary allowances Remainder initial nvestment ratio Shares to each partner 3 Salary allowances Reminderit investmenticatio Share to each partner Year Calculations Share to Phillip Share to Case Total Salary allowances Interest allowances: Total salaries and interest allocation Remainder equally: Shares of each partner 2 Salary allowances Interest allowances: Total salaries and Interest allocation Remainder equally Shares of esoh partner Salary allowances Teterest allowances Total salaries and interest blocaron Remainder equally SOM