The ledger of Camila Ramirez and Ping Xue, attorneys$-$at$-$law, contains the following accounts and balances after adjustments have been recorded on December $31,20$Y$2$:Ramirez and XueTrial BalanceDecember $31,20$Y$2$

Debit Balances Credit Balances Cash $43,300$ Accounts Receivable $41,200$ Supplies $1,500$ Land $103,000$ Building $110,900$ Accumulated Depreciation Building $64,400$ Office Equipment $47,400$ Accumulated Depreciation Office Equipment $20,000$ Accounts Payable $30,700$ Salaries Payable $3,300$ Camila Ramirez, Capital $100,000$Camila Ramirez, Drawing$46,400$ Ping Xue, Capital $61,800$ Ping Xue, Drawing $67,000$ Professional Fees $375,700$Salary Expense $150,400$ Depreciation ExpenseBuilding $14,900$ Heating and Lighting Expense $7,400$ Depreciation Expense Office Equipment $4,600$ Property Tax Expense $9,300$ Supplies Expense$5,400$ Miscellaneous Expense$3,200$ Totals: $655,900655,900$ The balance in Xue's capital account includes an additional investment of $$11,000$ made on May $5,20$Y$2.$ Required: $1.$ Prepare an income statement for $20$Y$2,$ indicating the division of net income. The partnership agreement provides for salary allowances of $$42,000$ to Ramirez and $$51,000$ to Xue, allowances of $10\%$ on each partner's capital balance at the beginning of the fiscal year, and equal division of the remaining net income or net loss. Ramirez and Xue Income Statement For the Year Ended December $31,20$Y$2$ Operating expenses: $ fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank fill in the blank. Total operating expenses: fill in the blak fill in the blank. Ramirez and Xue Division of Income For the Year Ended December $31,20$Y$2.$ Camila Ramirez Ping Xue Total Division of net income: Salary allowanc: fill in the blank fill in the blank fill in the blank Interest allowance: fill in the blankfill in the blank $24$fill in the blank $25$ Remaining income $($loss$)$fill in the blank $26$fill in the blank $27$fill in the blank $28$Net income$fill in the blank $29$$fill in the blank $30$$fill in the blank $312.$ Prepare a statement of partnership equity for $20$Y$2.$ If any amounts are zero, enter in $"0".$Ramirez and XueStatement of Partnership EquityFor the Year Ended December $31,20$Y$2$Line Item DescriptionCamilaRamirezPingXueTotalBalances, January $1,20$Y$2$$fill in the blank $32$$fill in the blank $33$$fill in the blank $34$Additional investment by partnerfill in the blank $35$fill in the blank $36$fill in the blank $37$Net income for the yearfill in the blank $38$fill in the blank $39$fill in the blank $40$Partner withdrawalsfill in the blank $41$fill in the blank $42$fill in the blank $43$Balances, December $31,20$Y$2$$fill in the blank $44$$fill in the blank $45$$fill in the blank $463.$ Prepare a balance sheet as of the end of $20$Y$2.$Ramirez and XueBalance SheetDecember $31,20$Y$2$Line Item DescriptionAmountAmountAmountAssets Current assets: $fill in the blank $48$ fill in the blank $50$ fill in the blank $52$ Total current assets $fill in the blank $53$Property, plant, and equipment: $fill in the blank $55$ $fill in the blank $57$ fill in the blank $59$ Subtotal fill in the blank $60$ $fill in the blank $62$ fill in the blank $64$ Subtotal fill in the blank $65$ Total property, plant, and equip. fill in the blank $66$Total assets $fill in the blank $67$Liabilities Current liabilities: $fill in the blank $69$ fill in the blank $71$ Total liabilities $fill in the blank $72$Partners' Equity $fill in the blank $74$ fill in the blank $76$ Total partners' equity fill in the blank $77$Total liabilities and partners' equity