6 value: 2.00 points Exercise 12-12 Partner return on equity LO A Rugged Sports Enterprises LP is organized as a limited partnership consisting of two individual partners: Hockey LP and Football LP. Both partners separately operate a minor league hockey team and a semipro football team. Hockey LP Football LP Total Balance at 6/30/2012 Annual net income Cash distribution $345,000 $1,414,500 $1,759,500 952,164 (65,000) 998,611 (65,000) 46,447 Balance at 6/30/2013 $ 391,447 $2,301,664 $2,693,111