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Jones, Silva, and Thompson form a partnership and agree to allocate income equally after recognition of 10% interest on beginning capital balances and monthly salary allowances of $2,020 to Jones and $1,500 to Thompson. Capital balances on January 1 were as follows: Jones Silva Thompson $40,300 25,300 29,700 Calculate the net income (loss) allocation to each partner under each of the following independent situations. 1. 2. 3. Net income for the year is $99,170. Net income for the year is $38,480. Net loss for the year is $14,680. (Enter loss allocation using either a negative sign preceding the number e.g. -2,945 or parentheses e.g. (2,945).) Jones Silva Thompson 1. Income (Loss) allocation SI 2. Income (Loss) allocation 3. Income (Loss) allocation