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please show all work 1. On January 1, 2020, the dental partnership of Left, Center, and Right was formed when the partners contributed $24,000, $44,000,

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1. On January 1, 2020, the dental partnership of Left, Center, and Right was formed when the partners contributed $24,000, $44,000, and $32,000, respectively. Business reported net income of $255,000 for the year 2020. During the year, each partner withdrew $600 per month for personal use. At the time that the partnership was created, the three partners agreed to allocate all profits and losses according to a specified plan as follows: 1. Each partner is entitled to interest computed at the rate of 5 percent per year based on the individual capital balances at the beginning of that year. 2. Because of prior work experience, Left is entitled to an annual salary allowance of $21,000, and Center is credited with $19.000 per year. 3. Any remaining profit will be split as follows: Left, 28 percent; Center 38 percent; and Right, 32 percent. Determine the ending capital balance for each partner as of the end of year 2020 Left: A Center: Right

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