Problem 4 Sam and Joe are partners. They have agreed that Sam will operate their sto and receive a salary of $60,000 per year. Joe will receive 10% interest on his average capital balances during the year of $150,000. The remaining income o re r loss are to be shared by Sam and J in a 3:2 ratio. NSTRUCTIONS: Determine each partner's share of income or losses under each of the following condition. In each case, the income or loss is stated before the distribution of salary and interest. a) Income was $90,000 b) Income was $70,000