CapitalDebitCredit$9/19,2001/131,9005/16,100$ A$.$ North, CapitalDebitCredit$3/110,0001/140,7007/16,0009/14,700$ M$.$ West, CapitalDebitCredit$8/112,8001/151,1004/17,4006/13,200$ Required: For each of the following independent income$-$sharing agreements, prepare an income distribution schedule. Salaries are $$15,800$ to Eastwood, $$21,200$ to North, and $$18,300$ to West. Eastwood receives a bonus of $5$ percent of net income after deducting his bonus. Interest is $10$ percent of ending capital balances. Eastwood, North, and West divide any remainder in a $3$:$3$:$4$ ratio, respectively. Net income was $$79,170.$ Interest is $10$ percent of weighted$-$average capital balances. Salaries are $$24,600$ to Eastwood, $$21,200$ to North, and $$26,000$ to West. North receives a bonus of $10$ percent of net income after deducting the bonus and her salary. Any remainder is divided equally. Net income was $$68,720.$ West receives a bonus of $20$ percent of net income after deducting the bonus and the salaries. Salaries are $$22,200$ to Eastwood, $$19,500$ to North, and $$15,400$ to West. Interest is $10$ percent of beginning capital balances. Eastwood, North, and West divide any remainder in an $8$:$7$:$5$ ratio, respectively. Net income was $$96,280.$

C$.$ Eastwood, A$.$ North, and M$.$ West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW

partnership for $20$X$1$ were as follows:

Required:

For each of the following independent income$-$sharing agreements, prepare an income distribution schedule.

a$.$ Salaries are $$15,800$ to Eastwood, $$21,200$ to North, and $$18,300$ to West. Eastwood receives a bonus of $5$ percent of net income

after deducting his bonus. Interest is $10$ percent of ending capital balances. Eastwood, North, and West divide any remainder in a

$3$:$3$:$4$ ratio, respectively. Net income was $$79,170.$

b$.$ Interest is $10$ percent of weighted$-$average capital balances. Salaries are $$24,600$ to Eastwood, $$21,200$ to North, and $$26,000$ to

West. North receives a bonus of $10$ percent of net income after deducting the bonus and her salary. Any remainder is divided

equally. Net income was $$68,720.$

c$.$ West receives a bonus of $20$ percent of net income after deducting the bonus and the salaries. Salaries are $$22,200$ to Eastwood,

$$19,500$ to North, and $$15,400$ to West. Interest is $10$ percent of beginning capital balances. Eastwood, North, and West divide any

remainder in an $8$:$7$:$5$ ratio, respectively. Net income was $$96,280.$

Complete this question by entering your answers in the tabs below.

For each of the following independent income$-$sharing agreements, prepare an income distribution schedule.

Salaries are $$15,800$ to Eastwood, $$21,200$ to North, and $$18,300$ to West. Eastwood receives a bonus of $5$ percent of net

income after deducting his bonus. Interest is $10$ percent of ending capital balances. Eastwood, North, and West