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4 C. Eastwood, A North, and M. West are manufacturers' representatives in the architecture business. Their capital accounts in the ENW partnership for 20X1 were as follows: 5 points 9/1 C. Eastwood, Capital 9,100 1/1 5/1 30,380 7,800 eBook 3/1 A. North, Capital 9,400 1/1 7/1 9/1 40,500 6,589 4,100 Print 8/1 M. West, Capital 12,90 1/1 4/1 6/1 51,988 8,500 3,782 References Required: For each of the following independent Income-sharing agreements, prepare an Income distribution schedule. a. Salaries are $15.900 to Eastwood, $21,200 to North, and $18.400 to West. Eastwood recelves 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 $80,430. (Amounts that are to be deducted from an Individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total Profit ratio Ending capital Net income Salary Bonus Interest on ending capital balance Residual income (deficit) Allocate Total 5 points b. Interest is 10 percent of weighted average capital balances. Salaries are $24.300 to Eastwood. $22.300 to North, and $25.700 to West. North recelves a bonus of 10 percent of net Income after deducting the bonus and her salary. Any remainder is divided equally. Net Income was $69.160. (Do not round Intermediate calculations. Round the final answers to nearest whole dollar. Amounts that are to be deducted from an Individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total eBook Print Profit ratio Average capital Net income Interest on average capital balance Salary Bonus Residual income (deficit) Allocate Total 1 References References c. West recelves a bonus of 20 percent of net Income after deducting the bonus and the salaries. Salaries are $21.200 to Eastwood, $19,100 to North, and $16,100 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 $95.400. (Do not round intermediate calculations. Amounts that are to be deducted from an individual partner's capital balance should be entered with a minus sign.) Eastwood North West Total Prolit ratio Beginning capital Net income Bonus Salary Interest on beginning capital balance Residual income (deficit) Allocate Tota