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Take me to the text Anna, Paul and Jackson formed a limited liability partnership in 2019. In 2020, the beginning capital balance of each partner
Take me to the text Anna, Paul and Jackson formed a limited liability partnership in 2019. In 2020, the beginning capital balance of each partner was $21,000, $31,500 and $52,500 respectively. During 2020, the company earned a net income of $60,000, and Anna withdrew $24,000 while Paul and Jackson withdrew $45,000 and $36,000 respectively a) Calculate the amount of net income each partner will receive based on the following independent scenarios. (i) the earnings are divided equally. (ii) Anna receives 33%, Paul receives 39%, and Jackson receives 28% of the earnings. (iii) the earnings are divided based on the partner's capital balance at the beginning of the year. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Do not use the negative sign. (i) Anna 88235.29 Paul Jackson (ii) (iii) b) Calculate the ending capital balance of each partner, assuming that method (ii) is used to divide earnings. b) Calculate the ending capital balance of each partner, assuming that method (ii) is used to divide earnings. Beginning Capital Balance Add: Share of net income Subtotal Less: Withdrawals Ending Capital Balance Anna Paul Jackson
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