QUESTION FOR TODAY: The partnership records of Gino and Hans showed sales income of $240,000 and interest income of $10,000 for the 2018/19 income year. Their Partnership Agreement provides that profits and losses are to the be shared equally after adjusting for the following: Partners' Salaries: Gino ($20,000), Hans ($20,000) Interest on Capital contribution to Gino ($5,000) Interest expense to Gino (Arm's length loan made to the partnership): ($500) Salaries to staff: $25,000 Superannuation to staff: $10,000 Superannuation to Partners: $30,000 (split equally) Previous year's losses of $22,000 . QUESTION: (a) Calculate the s90 PNI (b) Prepare a Distribution Statement (c) Calculate each partner's assessable income