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The partnership of David White and Paul Wacker incurred a net loss of $40.000 for the current year. The beginning capital balances were S30.000 for

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The partnership of David White and Paul Wacker incurred a net loss of $40.000 for the current year. The beginning capital balances were S30.000 for David and $45,000 for Paul. Divide the net loss in the following independent situations: No mention of net income distribution in the articles of partnership. Salary allowances of $30,000 to David and $20,000 to Paul, balance divided in a ratio of 3:2 Interest of 10% on beginning capital balances and the balance divided in a ratio of 3:5

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