The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence: . O Jones, the managing partner, receives a bonus equal to 25 percent of the business's profit. Each partner receives 12 percent interest on average capital investment. Any residual profit or loss is divided equally. . The average capital investments for 2021 were as follows: Jones King Lane $ 200,000 400,000 600,000 The partnership earned $88,000 net income for 2021. Prepare a schedule showing how the 2021 net income should be allocated to the partners. (Loss amounts should be indicated with a minus sign.) Jones King Lane Total Net income Bonus 0 Interest 0 $ 0 Remainder to allocate 0 Total allocation $ 0 $ 0 $ 0 $ 0