Question 8 (9 points) On January 1, 2020, Steve Furlong, Mark Pippy and Nick Adams agreed to form a partnership called ACME Consulting. On December 31, 2020, the partnership reported a loss for the year of $45,000. The partnership agreement is to provide for the following sharing of profit and losses: Salary allowance.... Fixed ratios....... Required: Adams $ 25,000 Pippy $ 35,000 Furlong $ 45,000 5 3 2 1. Prepare a schedule to show the division of loss at December 31, 2020. (5 marks) 2. Prepare the journal entry to record the allocation of the partnership loss on December 31, 2020. (4 marks) Paragraph B I UA 1. +