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Required information [The following information applies to the questions displayed below.) Snack Shack is a fast-food restaurant that is operated as a partnership of three

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Required information [The following information applies to the questions displayed below.) Snack Shack is a fast-food restaurant that is operated as a partnership of three individuals. The three partners share profits equally. The following selected account balances are for the current year before any closing entries are made Debit Credit $55,000 60,000 5,000 Glen, Capital Chow, Capital Wilkes, Capital Glen, Drawing Chow, Drawing Wilkes, Drawing Income Summary $15,000 15,000 25,000 90,000 Required: On the basis of this information, answer the following questions, a. How much must each of the three partners report on his individual income tax return related to this business? Income Reported Glen Chow Wilkes

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