(15 points) Mark & Jane began a Partnership to provide Lawn Services. Mark invested $60,000 and Jane invested $90,000. The Partnership Agreement provided as follows: Mark's salary allowance would be $50,000 per year and Jane's salary allowance would be $40,000 per year, each would receive 10% on their initial capital investment, and the remaining balance would be shared equally. Prepare calculations to show how income of $160,000 is allocated (10 points) The following information is from Smith Company for the year ended December 31. 2019. Prepare a statement of retained earnings for Smith Company. Retained earnings at December 31, 2018 (prior to discovery of error). $1,375,000 Cash dividends declared and paid during 2019, $43,000 Two years ago, it failed to record depreciation expense of $55,000 (net of tax benefit). Smith Company earned $126,000 in net income in 2019 year. (5 Points) Bonus (Grades will not be reduced for an incorrect answer). Accounting for investments in securities depends on 3 factors, list the 3 factors. Page 7 of 8