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Problem II. Prepare the necessary schedule to split the profit/loss to partners A, B, C&D: (15 pts.) ABCD partnership Capital amts are $200,000/100,000/$300,000/$400,000 respectively. ABCD

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Problem II. Prepare the necessary schedule to split the profit/loss to partners A, B, C&D: (15 pts.) ABCD partnership Capital amts are $200,000/100,000/$300,000/$400,000 respectively. ABCD partnership agreement states that profits/losses are to be split based on the following: Salaries of $5,000 / $10,000 / $50,000 / $35,000 respectively, Interest on capital of 0%/1%/5%/6% respectively, Remainder to be split based on a ratio of their respective capital balances. Assume a PROFIT of $10,000

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