what type of info is needed

ding Income Al Four Methode Les MC BIO 21. Paragraph Styles PA12-3 Dividing Income - All Four Methods Mills and Cross are partners in the MC partnership, Partnership Net Income for the current year is $52,000. Other relevant information follows. Capital Balance - Salaries - Interest - Fixed Ratio Mills $18,000 $21,000 7% 3/4 Cross 32,000 30,000 1/4 Required: Determine the allocation of Net Income to each of the partners under each of the following four independent assumption: 1. Fixed Ratio 2. Interest on partners' Capital balances and any remaining amounts on a fixed ratio. 3. Salaries to partners and any remaining amounts on a Fixed Ratio. 4. Salaries to partners, interest on partners' Capital balances, and remaining amounts on a Fixed Ratio