The balance In Yost's capital account Includes un additional investment of $10,000 made oil April 10. 2014. Instructions Prepare an income statement for 2014. indicating the division of net Income. Tin- partnership agreement provides for salary allowances of $45,000 to Lambert and $54,700 to Yost, allowances of 10% on each partner's capital balance at the beginning of the fiscal year, and equal division of the remaining net income or net loss. Prepare a statement of partnership equity for 2014. Prepare a balance sheet as of the end of 2014. The balance In Yost's capital account Includes un additional investment of $10,000 made oil April 10. 2014. Instructions Prepare an income statement for 2014. indicating the division of net Income. Tin- partnership agreement provides for salary allowances of $45,000 to Lambert and $54,700 to Yost, allowances of 10% on each partner's capital balance at the beginning of the fiscal year, and equal division of the remaining net income or net loss. Prepare a statement of partnership equity for 2014. Prepare a balance sheet as of the end of 2014