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Please answer in the same sequence as the picture :) After closing the revenue and expense accounts, the profit for the year ended December 31,

Please answer in the same sequence as the picture :)
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After closing the revenue and expense accounts, the profit for the year ended December 31, 2021 of the Mitt & Ryan partnership is $25,800. The partnership agreement specifies that profits and losses will be shared using the following formula. Allocate profit by a 5% interest allowance on the partners' beginning capital balances. 2. Allocate salary allowances of $18,290 to Mitt and $12,990 to Ryan. 3. Remaining profit (loss) is to be shared on a ratio of 8:5. 1. At the beginning of the year, Mitt's capital account had a balance of $31,000 and Ryan's capital account had a balance of $33,600. Mitt withdrew $1,060 cash per month while Ryan withdrew $1,260 per month from the partnership. During the year, Mitt made an additional investment of $5,600 cash into the partnership. to be shared on a ratio of 8:5. At the beginning of the year, Mitt's capital account had a balance of $31,000 and Ryan's capital account had a balance of $33,600. Mitt withdrew $1,060 cash per month while Ryan withdrew $1,260 per month from the partnership. During the year, Mitt made an additional investment of $5,600 cash into the partnership. Prepare a schedule to show how the profit or loss will be allocated to the two partners. (Enter negative amounts using alther a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) MITT & RYAN Division of Profit Year Ended December 31, 2021 Ryan Mitt Total Profit Interest allowance Mitt Ryan FULL SCREEN PRINTER VERSION BACK 4 BACK NEX Mitt Ryan Total Profit Interest allowance Mitt Ryan Total Profit remaining for allocation Salary allowance Mitt Ryan Total Profit (deficiency) remaining for allocation Fixed ratio Mitt Ryan Total Profit remaining for allocation Profit allocated to the partners

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