The partnership agreement of Angela and Dawn has the following provisions:

The partners are to earn $10$ percent on the average capital.

Angela and Dawn are to earn salaries of $$28,500$ and $$10,500,$ respectively.

Any remaining income or loss is to be divided between Angela and Dawn using a $70$:$30$ ratio.

Angela's average capital is $$68,000$ and Dawn's is $$51,000.$

Required:

Prepare an income distribution schedule assuming the income of the partnership is $($a$)$ $$89,000$ and $($b$)$ $$26,000.$ 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.