Problem 12-4A Partnership income allocation, statement of partners' equity, and closing entries LO P2

[The following information applies to the questions displayed below.] Mo, Lu, and Barb formed the MLB Partnership by making investments of $76,500, $297,500, and $476,000, respectively. They predict annual partnership net income of $502,500 and are considering the following alternative plans of sharing income and loss: (a) equally; (b) in the ratio of their initial capital investments; or (c) salary allowances of $84,000 to Mo, $63,000 to Lu, and $95,000 to Barb; interest allowances of 10% on their initial capital investments; and the remaining balance shared as follows: 20% to Mo, 40% to Lu, and 40% to Barb.

Use the table to show how to distribute net income of $502,500 for the calendar year under each of the alternative plans being considered. (Do not round intermediate calculations.) then it gives me a blue fill in blank chart

Please show step by step so I can follow and learn how to do properly