Moore, Probst, and Tanski formed a partnership whose profit and loss agreement contained the following provisions:

If the weighted-average capital is negative, interest at 10% will be charged against the partner€™s profit allocation. All provisions of the profit and loss agreement should be satisfied, and any resulting deficiency should be allocated based on the profit and loss percentages.
Assuming a 2011 income of $168,000, determine how the 2011 income should be allocated to the partners.

Provision oore Probst Tanski Interest on weighted-average capital after consideration 10% 10% 10% of draws Annual salary.... Bonus as a percentage of income after the bonus $20,000 $75,000 $65,000 10% 40% 10% 40% 20% Capital balance at beginning of 2011 $25,000 $40,000 $20,000 20,000 20,000 20,000