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On January 1, 2018, Ima sample and Ura Student decided to form the Student-Sample partnership. The information for the partnership is as follows: Address: 3036 Water Falls Parkway Marietta, GA 30060 Phone (770)-528-0001 E-mail Samplestudent@gmail.com $100,000 2018 Profit/ (Loss) (20,000) 2019 Profir/(Loss) Tasks 1. In a Word document, compose a basic partnership agreement The agreement should include, but not limited to: a.) The name of the partnership, b.) partnership responsibilities, c.) the procedures for admission, withdrawal and death of partner, d. how profits and losses will be divided (cannot be 50/50), e.) the amount of interest partners earn on contributions, and f.) partners salaries. 2. In a second Word document, using the Insert Tables feature, create a general journal. Then, journalize the entries for the formation of the partnership. One partner must bring in a fixed asset that includes a liability with it and the other should bring only cash. You may decide the amount of each of the partner's investment. 3. Using the two profit/loss amounts from the table above and an Excel Spreadsheet, create a table showing the distribution of Profit or Loss to the partners. Include under the table, the journal entries to distribute the profit or loss. The distribution must include salaries, interest, and distribution to the partners. 4. Using a Word or Excel document/table, create a partnership liquidation for the partnership. Make sure to show the payment of liabilities, sell of noncash assets, and distribution of the remainder. 5. Submit all of the documents in one On January 1, 2018, Ima sample and Ura Student decided to form the Student-Sample partnership. The information for the partnership is as follows: Address: 3036 Water Falls Parkway Marietta, GA 30060 Phone (770)-528-0001 E-mail Samplestudent@gmail.com $100,000 2018 Profit/ (Loss) (20,000) 2019 Profir/(Loss) Tasks 1. In a Word document, compose a basic partnership agreement The agreement should include, but not limited to: a.) The name of the partnership, b.) partnership responsibilities, c.) the procedures for admission, withdrawal and death of partner, d. how profits and losses will be divided (cannot be 50/50), e.) the amount of interest partners earn on contributions, and f.) partners salaries. 2. In a second Word document, using the Insert Tables feature, create a general journal. Then, journalize the entries for the formation of the partnership. One partner must bring in a fixed asset that includes a liability with it and the other should bring only cash. You may decide the amount of each of the partner's investment. 3. Using the two profit/loss amounts from the table above and an Excel Spreadsheet, create a table showing the distribution of Profit or Loss to the partners. Include under the table, the journal entries to distribute the profit or loss. The distribution must include salaries, interest, and distribution to the partners. 4. Using a Word or Excel document/table, create a partnership liquidation for the partnership. Make sure to show the payment of liabilities, sell of noncash assets, and distribution of the remainder. 5. Submit all of the documents in one