Ramirez and xue
Income Statement
For the Year ended December 31, 2014
Professional fees		555300
Less: Expenses
Salary Expense	384900
Depreciation Expense - Building	12900
Heating and lighting business	10500
Depreciation Expense - Office equipment	6300
Property Tax expense	3200
Supplies expense	3000
Miscellaneous expense	2500
Total Expense		423300
Net Income		132000
Distribution of Income
	Camila Ramirex	Ping Xue
Salary	50000	65000
Interest on capital	15000	16200
Balance - Equally	-7100	-7100
Total	57900	74100
Ramirez and xue
Statement of Partenership Equity
For the Year ended December 31, 2014
	Camila Ramirex	Ping Xue
Balance - Beginning	125000	135000
Add: additional Investment		20000
Share of Profits	57900	74100
	182900	229100
Less: Drawings	35000	50000
Balance Ending	147900	179100
Ramirez and xue
Balance Sheet
As on December 31, 2014
Assets
Current Assets
Cash	70300
Accounts receivable	33600
Supplies	5800
Total Current Assets		109700
Property, Plant & Equipment
Land		128000
Building	175000
Less: Accumulated Dep - Building	80000	95000
Office Equipment	42000
Less: Accumulated Dep - Equipment	25300	16700
Total Assets		349400
Liabilities and Owner's Capital
Current Liabilites
Accounts Payable	12400
Salaries Payable	10000
Total Current Liabilites		22400
Partner's Capital
Camila Ramirex	147900
Ping Xue	179100	327000
Total Liabilities and Owner's Capital		349400

Instructions:

1. under division of net income, please provide totals of the followings: salary allowance, interest allowance, remaining income(loss).

2. under statement of partnership equity please provide totals of the followings:

Capital,January1,2014
Additional investment during the year,
Subtotal,
Net income for the year,
Subtotal,
Withdrawals during the year,
Capital, December 31, 2014 3. under balance sheet december 31,2014 what is the total plant assets? Thanks