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The parthership of Angel Investor Asscciates began operations on January 1, 20r5, with contribusicns from two partners-as foliows: The following additional partner transections took place

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The parthership of Angel Investor Asscciates began operations on January 1, 20r5, with contribusicns from two partners-as foliows: The following additional partner transections took place during the vear: 1. In eacty January, Randy Campbell is admitted to the partnership by centributing 526,320 cash for a 14% interest. 2. Net inceene of $240,000 was earned in 20y5. In addsion, Denns Overton received a salary aliowance of $60,000 for the year, The thcee parthers agree to an inceme-sharing ratio equal to their capital bulances after admitting Campbell. 3. The parthers' withdrawals are equal to haif of the increase in their coptal balances from salory attewance and income. Hropore a statement of nartnernhip equity for the year ended December 31, 20y5. If an amount box does not require an entry leave it blank

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