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Required: a. Prepare a schedule that discloses the distribution of partnership net income for 20X5. (Do not round intermediate calculations. Round your final answers
Required: a. Prepare a schedule that discloses the distribution of partnership net income for 20X5. (Do not round intermediate calculations. Round your final answers to nearest whole dollar. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Profit percentage (if positive) Profit percentage (if negative) Net income Interest on average capital balances Bonus on net income before the bonus but after interest. Salaries Residual income (loss)-allocate Total Apple Jack Total % % 0% % % 0% 0 $ 0 O S 0 0 $ 0 0 $ 0 $ 0 S 0
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