The partnership agreement of Jones, King, and Lane provides for the annual allocation of the business's profit or loss in the following sequence: Jones, the managing partner, receives a bonus equal to 10 percent of the business's profit. . Each partner receives 16 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 $ 110,000 220,000 330,000 The partnership earned $52,000 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.) Net income Bonus Interest Jones Remainder to allocate Total allocation S King 69 0 Lane Total S 10 D 0 S 0 0 0 $ 0