Required information The following information applies to the questions displayed below.) Mo, Lu, and Barb formed the MLB Partnership by making investments of $74,700, $290,500 and $464,800, respectively They predict annual partnership net income of $492,000 and are considering the following alternative plans of sharing income and loss. (a) equally. (c) in the ratio of their initial capital investments; or (a salary allowances of $83.200 to Mo. $62,400 to Lu, and $94.000 to Barb, interest allowances of 10% on their initial capital investments, and the remaining balance shared as follows: 20% to Mo, 40%to Lu; and 40% to Barb. Required: 1. Use the table to show how to distribute net income of $492,000 for the calendar year under each of the alternative plans being considered (Do not round intermediate calculations.) Income (Less) Sharing Plan LU Barb Total 492.000 $ Mo Lu Barb Total 492.000 $ Plan (a) Net Income foss) Balance allocated equally Balance of income foss) Share to the partners Plan (b) Not Income (s) Balance allocated in proportion to initivements Balance of income lossy Share to the partners Plantel Not inconte loss) Salary allowances Balance of income foss) Interest allowance Balance of income loss Balance allocated Balance of income dow) shares of the partners Me LU Barb Total 492.000 $