Question 6 (9 points) On January 1, Steve Frost, Mark Pride and Nic Arbour agreed to form a partnership called FPA Consulting. On December 31, the partnership reported a loss for the year of $25,000. The partnership agreement is to provide for the following sharing of profit and losses: Salary allowance. Fixed ratios....... Frost $ 20,000 Pride $ 60,000 Arbour $ 10,000 3 2 5 Required: 1. Prepare a schedule to show the division of loss at December 31. (5 marks) 2. Prepare the journal entry to record the allocation of the partnership loss on December 31. (4 marks)