Problem 14-21 (Algo) (LO 14-6) The partnership agreement of Jones, King, and Lone provides for the annual allocation of the business's profit or loss in the following sequence: Jones, the managing partner, receives a bonus equal to 25 percent of the business's profit. . Each partner receives 12 percent interest on average capital investment Any residual profit or loss is divided equally. The sverage capital investments for 2021 were as follows: Jones King Lane $ 200.000 400, ose Gee,ese The partnership earned $88,000 net income for 2021. Prepare a schedule showing how the 2021 net income should be allocated to the partners. (Loss amounts should be Indicated with a minus sign.) Jones King Lane Total Net income Bonus Interest Remainder to allocate Total allocation