Required information Problem 12-4A (Algo) Partnershlp Income allocation, statement of partners' equity, and closing entries LO P2. [The following informorion opplies to the questions displayed below]. Mo, Lu, and Barb formed the MLB Partnership by making investments of $84,600,$329,000, and $526,400, tespectively They predict annual partnership net income of $550,500 and are constdering the following alternattve plant of tharing income and 1055 ( ) equally: (b) in the ratio of their inital copitol investments; or ( ) salary allowances of $87,600 to Mo, $65,700 to Lu, and $99,500 to Barb; interest allowances of 10% on their intual capital investments; and the remaining balance shared as follows: 20% to Mo, 40% to Lu, and 40% to Barb. Problem 12-4A (Algo) Port 1 Required: 1. Use the table to show now to distribute net income of $550,500 for the calendar year under each of the alternative plens being considered; (Do not round intermediete calculetions.)