with show work please:

Mo Meek, Lu Ling, and Barb Beck formed the MLB Partnership by making capital contributions of $69,300, $269,500, and $431,200, respectively. They predict annual partnership net income of $460,500 and are considering the following alternative plans of sharing income and loss: (a) equally; (b) in the ratio oftheir initial capital investments; or (c) salary allowances of $80,800 to M0, $60,600 to Lu, and $91,000 to Barb; interest allowances of 10% on their initial capital investments; and the balance shared as follows: 20% to M0, 40% to Lu, and 40% to Barb. Required: 1. Use the table to show how to distribute net income of $460,500 for the calendar year under each of the alternative plans being considered. (Do not round intermediate calculations.) l-ll-l-l- Balance of income (loss) $ 460,500 Shares to the partners Income (Loss) Sharing Plan Plan (a) Mo Lu Barb Total Net Income (loss) $ 460,500 Balance allocated equally 0 Balance of income (loss) $ 460,500 Shares to the partners $ 0 $ 0 $ 0 $ 0 Plan (b) Mo Lu Barb Total Net Income (loss) $ 460,500 Balance allocated in proportion to initial investments 0 Balance of income (loss) $ 460,500 Shares to the partners $ 0 $ 0 $ 0 $ 0 Plan (c) Mo Lu Barb Total Net income (loss) $ 460,500 Salary allowances 0 Balance of income (loss) Interest allowances 0 Balance of income (loss) Balance allocated 0 Balance of income (loss) $ O Shares of the partners 0 0 $ 0 $ 0