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The followng is the adiusted thal balance of Kapiolani Kamehameha Partnership at the end of their last fiscal year. Other infomation: 1. Yeac end imventory

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The followng is the adiusted thal balance of Kapiolani Kamehameha Partnership at the end of their last fiscal year. Other infomation: 1. Yeac end imventory was $24,900. The partnership uses the periodic inventory system. 2. There were no changes in partners' capital accounts during the fiscal year. 3. The parthership agreement provides that partners are to be allowed 10% interest on their beginning of year capital account balances, and any residual net income is to be divided 322 (Kapiolani: Kamshameha). continusd= ASSIGNMENT H3 REQUIRED: 1. IN GOOD FOFM, prepare a multiple-step Income Statement for fiscal 2022 . At the bottom of the statement, prepare a schedule showing the division of net income. 2. IN GOOD FOPM, prepare a Statement of Partners' Equily for fiscal 2022 3. IN GOOD FOPM, prepare a CLASSIFIED Balance Sheet at December 31, 2022

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