Freely and Hamwey form a partnership, contributing $46,000 and $69,000, respectively. Determine their shares of net income or net loss for each of the following independent situations: (Use a minus sign or parentheses when entering losses.)

a. Net loss is $70,000 and the partners have no written partnership agreement.

b. Net income is $90,000 and the partnership agreement states that the partners share profits and losses on the basis of their capital balances.

c. Net income is $160,000. The first $96,000 is shared on the basis of capital balances. The next $48,000 is based on partner service, with Freeley receiving 25% and Hamwey 75%. The remainder is shared equally.