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Homework: Chapter 12 Homework Save Score: 0 of 15 pts 2 of 2 (1 complete) HW Score: 45.37%, 19.51 of 43 pts E12-16 (similar to) Question Help Polasky and Willmann have formed a partnership. During their first year of operations, the partnership earned $140,000. Their-profit-and-loss-sharing agreement states that, first, each partner will receive 20% of their capital balances. The second level is based on services, with $22,000 to Polasky and $10,000 to Willmann. The remainder then will be shared 4:1 between Polasky and Willmann, respectively. Read the Cequirements Requirement 1. Calculate the amount of income each partner will receive under their profit-and-loss-sharing agreement assuming Polasky's capital balance is $92,000 and Willmann's capital balance is $92,000. (Complete all answer boxes. For amounts that are $0, make sure to enter "0" in the appropriate column.) Polasky Willmann Total Net income (loss) 140000 Capital allocation: Polasky 92000 Willmann 92000 Salary allowance: Enter any number in the edit fields and then click Check Answer. Clear All Check Answer part remaining Pearson