The Financial Statements for the Partnership of Tyler and Yost The ledger of Tyler Lambert and Ted Yost, attorney's at law.contain the following accounts and balances after adjustments have been recorded on December 31, 2020. (See the attached Trial Balance The following information is to be used: All the balance in Yost's capital account includes an additional 10,000 investment made on April 10, 2020 81 Salary Allowance: $4,000 to Lambert: 554,000 to Yost Allowances of 10% on each Partners Capital balance at the beginning of the Facal Year Traction 1) Prepare an income Statement for 2020, Indicating the division of Net Income. The partnership agreement provides for salary allowances to Lambert and Yost, 10% allowances of each partner's capital balance at the beginning of the final year and equal division of the remaining et income or los 2) Prepare a statement of partnership equity for 2020 3) Prepare a balance Sheets of December 31, 2020 The Financial Statements for the Partnership of Tyler and Yost The ledger of Tyler Lambert and Ted Yost, attorney's at law.contain the following accounts and balances after adjustments have been recorded on December 31, 2020. (See the attached Trial Balance The following information is to be used: All the balance in Yost's capital account includes an additional 10,000 investment made on April 10, 2020 81 Salary Allowance: $4,000 to Lambert: 554,000 to Yost Allowances of 10% on each Partners Capital balance at the beginning of the Facal Year Traction 1) Prepare an income Statement for 2020, Indicating the division of Net Income. The partnership agreement provides for salary allowances to Lambert and Yost, 10% allowances of each partner's capital balance at the beginning of the final year and equal division of the remaining et income or los 2) Prepare a statement of partnership equity for 2020 3) Prepare a balance Sheets of December 31, 2020