The Wright & Goode Partnership has the following plan for the distribution of partnership net incomelloss): Liven Goode $ 100,000 6% 12% Eaton Wright Salaries $ 80,000 Bonus on net income after salary & interest interest (none if net loss) Interest on average capital balances Remainder (if postive) 60% Remainder (if negative) 50% Average capital balances $ 160,000 5% 5% 40% 50% $ 270,000 Required: 1. Calculate the distribution of partnership net income of $ 300,000 2. Calculate the distribution of partnership net loss of $ 150,000 3. Journalize entry to distribute the profit in 1. only. 1 .1