The Financial Statements for the Partnership of Tyler and Yost The ledger of Tyler Lambert and Ted Yost, attomey'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: The balance in Yost's capital account includes an additional \$10,000 investment made on April 10, 2020. Salary Allowance: $45,000 to Lambert; $54,000 to Yost A) Allowances of 10% on each Partner's Capital balance at the Beginning of the Fiscal Year. Instructions: 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 fiscal year and equal division of the remaining net income or loss. 2) Prepare a statement of partnership equity for 2020 3) Prepare a balance Sheet as of December 31, 2020