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Wats and Lyon are forming a partnership. Watts isvests $32,000 and tyon invests $48,000, The partners agree that Watts will work one-fourth of the total time devoted to the partnership and Lyon will work three-fourths. They have discussed the following alternative plans for sharing income and loss: (a) in the ratio of their in tial capital investments. (b) ir proportion to the time devoted to the business, (c) a salary allowance of $24,000 per year to Lyon and the remaining balance in accordance with the rabo of their initial capitar investments; or ( f) a salary allowance of $24,000 per year to Lyon, 9% interest on their initial capital imvestments, and the remaining balance shared equally. The partners expect the business to perform as follows: Year 1,516,000 net 1035 ; Year 2,540,000 net incomer and Year 3,566,667 net income. Required: Complete the tables, one for each of the first three years, by showing how to allocate partnership income or loss to the partners under each of the four plans being considered Note: Enter all allowances as positive values, Enter losses and capital deficits, if any, as negative values. Do not round intermediate calculations. Round final answer to the nearest whole dollar. Complete the tables, ohe for each of the first three years, by showing how to allocate partnership income o nartnors undor anch of the four nlane hainn cansidarad. Complete the tables, ohe for each of the first three years, by showing how to allocate partnership income or loss navinare undar anrh af the four nlane hainn maneidurnd navnare undar aach of the four plans being considered