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Question 2: Abe, Henry and Diane formed a partnership by investing $250,000, $350,000, and $300,000, respectively. They agreed to share profits as follows: 1) An

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Question 2: Abe, Henry and Diane formed a partnership by investing $250,000, $350,000, and $300,000, respectively. They agreed to share profits as follows: 1) An annual allocation for the service each partner contributes to the partnership: $90,000 to Abe, $75,000 to Henry, and $65,000 to Diane. 2) Interest on their original capital balances of 22%. 3) Any remainder is shared on this fraction: 2:5:3. The partnership had a loss of $100,000 in its first year. Requirements 1. Show the details of distribution of the net loss by always showing all of your calculations. 2. Proceed to journalize the loss allocation

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