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The following information has been provides for the Santa, Snowman, Elf Partnership Santa Snowman Elf Annual Salaries $20,000 $15,000 Interest on beginning captial balances 10%
The following information has been provides for the Santa, Snowman, Elf Partnership Santa Snowman Elf Annual Salaries $20,000 $15,000 Interest on beginning captial balances 10% Beginning capital balances $160,000 10% $180,000 $75,000 $0 10% Profit/Loss Ratio 40% 40% 20% Prepare a schedule showing the distribution of profit on December 31, 2020 assuming profit of $40,000. Round to WHOLE DOLLARS. Format B I U
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