Question: help me solve this please! Show Me How Calculator Dividing Partnership Net Income Required: Steve Queen and Chelsy Dane formed a partnership dividing income as

help me solve this please!

Show Me How Calculator Dividing Partnership Net Income Required: Steve Queen and Chelsy Dane formed a partnership dividing income as follows: 1. Annual salary allowance to Dane of $102,300 2. Interest of 7% on each partner's capital balance on January 1. 3. Any remaining net income divided to Queen and Dane, 1:2 Queen and Dane had $93,000 and $75,000, respectively, in their January 1 Capital balance Net Income for the year was 186,000. How much is distributed to Queen and Dane? Note: Comoute partnershi share Queen: Dane: Check My Work more Check My Workesromaining Previous Next >

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