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 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 Net income S Bonus $ 22.000 $ $ 72.000 48.000 48.000 Total 88.000 (142,000) (166.000) (220.000) 78.000 Interest 46.000 72.000 S Remainder to allocate (26.000 (26.000) (26,000)