Ramirez and X ue Trial Balance Dacamhar 31.202 The balance in Xue' capital account includes an additional investment of $11,000 made on May 5,20Y2. Required: 1. Prepare an income statement for 20Y2, indicating the division of net income. The partnership agreement provides for salary allowances of $44,000 to Ram $54,000 to Xue, allowances of 10% on each partner's capital balance at the beginning of the fiscal year, and equal division of the remaining net income or net 2 more Check My Work uses remaining. 1. Prepare an income statement for 20Y2, indicating the division of net income. The partnership agreement provides for salary allowances of $44,000 to Ramirez and. $54,000 to Xue, allowances of 10% on each partner's capital balance at the beginning of the fiscal year, and equal division of the remaining net income or net loss. Ramirez and Xue Division of Income For the Year Ended December 31, 20Y2 2. Prepare a statement of partnership equity for 20Y2. If any amounts are zero, enter in " 0 ". 3. Prepare a balance sheet as of the end of 20Y2