X, Y, and Z are partners. The following information exists with regard to the allocation of profits and losses Capital Balances Salary allowance Residual $400,000 $650,000 $550,000 80,000 25% 40,000 65,000 40% 35% Interest is at 8% on capital balances, profits and losses are determined in the order presented above. Assume an income of $580,000. How much income is allocated to: X and Z Assume a loss of $30,000. How much income is allocated to: X and Z