Question: Current Attempt in Progress After closing the revenue and expense accounts, the profit for the year ended December 31,2024 , of Patricia & Barbara Partnership

 Current Attempt in Progress After closing the revenue and expense accounts,

Current Attempt in Progress After closing the revenue and expense accounts, the profit for the year ended December 31,2024 , of Patricia \& Barbara Partnership i $72,300. The partnership agreement specifies that profits and losses will be shared using the following formula. 1. Allocate salary allowances of $21,300 to Patricia and $29,700 to Barbara. 2. Remaining profit (loss) is to be shared ona ratio of 2:1: At the beginning of the year. Patricia's capital account had a balance of $25.600 and Barbara's capital account had a balance of \$18,700. Patnicia withdrew $852 cash per month while Barbara withdrew $1,704 per month from the partnership. Prepare a schedule to show how the profit will be allocated to the two partners. (Round answers to 0 decimal places, e.g. 5,275. )

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