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Ahmed and Sayed are partners in A&S Partnership. Ahmed invests $500,000 and Sayed invests $900,000. They agree to grant salary allowance of $80,000 to Ahmed and $120,000 to Sayed; a 8% interest allowance on beginning capital balances and to share any remaining income or loss equally. A&S partnership reports net Income of $390,000 for this year. Required: Allocate the net income between the partners. PLEASE SHOW THE CALCULATION FOR EACH PARTNER IN A SEPARATE LINE For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). B. I S Paragraph Arial 10pt !!! . I. >TT x? X2 TTC +] > Q x3 FE | (:) 0