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please fill this chart and get it back to me quick please! 13 Watts and Lyon are forming a Watts invests $26,000 and invests SS4,OOO_
please fill this chart and get it back to me quick please!
13 Watts and Lyon are forming a Watts invests $26,000 and invests SS4,OOO_ The partners agree that Watts Will one-fourth Of the total time deu3ted to the partnership and Lyon Will work three-fourths. They have discussed the following alternative plans for Sharing income and IOSS: (a) in the ratio Of their initial capital investments; (b' in proportion to the time devoted to the business: a salary allowance Of 55.000 per year to Lyon and the remaining balance in accordance with the ratio Of their *litial Capital investments; o' Salary allowance Of 315000 per year to Lyon, interest on their initial Capital and the remaining balance Shared equally. The partners expect the business to perform as follows: Year 1.517,000 net IOSS; Year 2. net income: and Year 2.570.833 net income. Required: Complete the tables one for each Of the three years. by Showing how to allocate partnership income or to the partners under each Of the four plans being considered. Note: Enter all allowances as positive values. Enter and capital deficits, if any, as values. DO not round intermediate calculations. Round final answer to the nearest whole dollar. Complete quotion by in tabs Complete the tabl, of the by ng to to of the fm_'r plans Net 36.00090.000 to Net to Net Sala ry to Net S to (17,000) 117.000) (17,000) (17,000) 117,000) 2
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