The partnership agreement of Angela and Dawn has the following provisions: 1. The partners are to earn 10 percent on the average capital. 2. Angela and Dawn are to earn salaries of $33,000 and $13,500, respectively. 3. Any remaining income or loss is to be divided between Angela and Dawn using a 70:30 ratio. Angela's average capital is $70,000 and Dawn's is $59,000. Required: D Prepare an income distribution schedule assuming the income of the partnership is (a) $89,000 and (b) $36,000. If no partnership agreement exists, what does the UPA 1997 prescribe as the profit or loss distribution percentages? Note: Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign. (a) Distribution of $89,000 income: Profit percentage Average capital Net income Interest on average capital Salary Residual income (deficit) Allocate Total (b) Distribution of $36,000 income: Profit percentage Average capital Net income Interest on average capital Salary Residual income (deficit) Allocate Angela Dawn Total % % 0% $ 0 % 6 0 $ GA 6 GA 0 0 0 0 0 0% 0 0 0 0