I have attached a problem I need help with, this problem is a two part question, I help with part one, then once completed I will send you the second part. thank you for your help.

. Compute the partners' shares of profits and losses under each of the following plans: a. Net loss for the year ended September 30, 2015 is $42,000, and the partnership agreement allocates 70% of prots to Evers, 15% to Fraser, and 15% to Goulet. The agreement does not discuss the sharing of losses. b. Net income for the year ended September 30, 2015, is $90,000. The first $40,000 is allocated on the basis of relative partner capital balances. The next $20,000 is based on service, with $10,000 going to Evers and $10,000 going to Fraser. Any remainder is shared equally. . Using plan (b), prepare the partnership statement of partners' equity. Assume Evers, Fraser, and Goulet each withdrew $14,000 from the partnership during the year. a. Net 1059 for 1112 year endad September 30, 2015!! $42,000. and the potnership ageemerl dlocalea 70% of prots to Ems, 15% to Fraser. and 15% to Goulei. me ageemem does m1 isms: the sharing of lossu. {Use pmlheses ora mims sign to: loss amomts. Complete all arm boxes. For amounts rst are SO. make sure to enta'' in the appropate cell.) Em Fm Goulot Tom a. Net Income (loss) |:| Capltol allocation: Even: |:| Fraser I: m |:| Total capal allocaon |;I Net Income (loss) ramalrhg for allocation |;| mmmmmmmm Egg