Q1. The partnership of A and B has the following provisions: A and B receive salary allowances of $50,000 and $60,000, respectively. Interest is imputed at 8% on the average capital investment. Any remaining profit or loss is shared between A and B in a 4:3 ratio, respectively. Average Capital investments: A, $100,000; B, 180,000 You are required to prepare a schedule showing how the profit would be divided, assuming the partnership profit or loss is $ 200,000. Note: Use the following table to present your answer: + Allocated To A B Total Profit Total Answer: Allocated To A B Total Total Profit