The condensed, adjusted trial balance of the Mario and Luigi Partnership as at December 31, 2021, appears below:

MARIO AND LUIGI PARTNERSHIP Adjusted Trial Balance December 31, 2021
		Debit		Credit
Current assets		$48,000
Equipment		114,500
Accounts payable				$30,000
Long-term debt				67,000
Mario, capital				49,000
Mario, drawings		293,000
Luigi, capital				41,000
Luigi, drawings		268,000
Service revenue				627,500
Operating expenses		91,000
		$814,500		$814,500

The partnership agreement stipulates that a division of partnership profit or loss is to be made as follows:

1.		A salary allowance of $344,500 to Mario and $284,500 to Luigi.
2.		The remainder is to be divided equally.

(a)

Prepare a schedule that shows the division of profit to each partner. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

MARIO AND LUIGI PARTNERSHIP Division of Profit December 31, 2021Month Ended December 31, 2021Year Ended December 31, 2021
		Mario			Luigi			Total
Profit								$
Salary allowance
Mario		$
Luigi					$
Total
Profit (deficiency) remaining for allocation
Fixed ratio
Mario
Luigi
Total
Profit (deficiency) remaining for allocation								$
Profit (loss) allocated to the partners		$			$			$