Rob Frasier and Jack Hart form a partnership contributing 587.500 and $22.500, respectively. Determine their shares of niet income or net loss for each of the following independent situations: Netloss is $120,000 and the partners have no written partnership agreement Net income is $50,000 and the partnership agreement states that the partners share protes and losses on the basis of their capital balances Net income is $160.000. The first $96,000 is shared on the basis of capital balance. The next $48.000 is based on partner service, with Frasier receiving 40% and Hart box. The remainder is shared equally, a. b. Determine their shares of net income or net loss for each independent situations. (Uue a minus sign or parentheses when entering lossen Net incomes) Hart Situation Frasier Tots b. C