is this right? please correct if needed

Financial Statements for Partnership The ledger of Camilla Ramirez and Ping Xue, attorneys-at-law, contains the following accounts and balances after adjustments have been recorded on December 31, 2012: Ramirez and Xue Trial Balance December 31, 2012 Debit Credit Balances Balances Cash 43,300 Accounts Receivable 41,200 Supplies 1,500 Land 103,000 Building 113,600 Accumulated Depreciation-Building 64,400 Office Equipment 47,400 Accumulated Depreciation-Office Equipment 20,000 Accounts Payable 30,700 Salaries Payable 3,300 Camila Ramirez, Capital 100,000 Camila Ramirez, Drawing 46,400 Ping Xue, Capital 61,800 Ping Xue, Drawing 67,000 Professional Fees 378,400 Salary Expense 150,400 Depreciation Expense-Building 14,900 Heating and Lighting Expense 7,400 Depreciation Expense-Office Equipment 4,600 Property Tax Expense 9,300 Supplies Expense 5,400 Salary Exper 150.400 14,900 Depreciation Expense-building Heating and Lighting Expense 7,400 Depreciation Expense-Office Equipment 4.600 Property Tax Expense 9.300 Supples Expense 5,400 Mica Dese 3,200 650.000 650.000 The balance in Xue's capital account includes an additional investment of $11,000 made on May 5, 2012. Required: 1. Prepare an income statement for 2012, indicating the division of net income. The partnership agreement provides for salary stowances of 942,000 to Ramirez and $51,000 to Xue allowances of 10% on each partner's capital balance at the beginning of the facal year, and equal division at the remaining nat income or not loss. kanila and Ye Income Statement For the Year Ended December 31, 2002 376,408 Operating expens Salary Expans maaring and Lighting Experie Depreciation Expense-office Epipment Property fav Expense Supplies Expense Histeleng Expense Total operating expe 195,200 103,300 Not become 150,400 14,90 7,400 4,609 5,300 5,400 3,200 Ramirez and Xue Division of Income For the Year Ended December 31, 2012 Camila Ramirez Ping Xue Division of net income: Salary allowance 42,000 51,000 93,000 Interest allowance 10,000 7,280 17,280 Remaining income 36,460 36,460 72,920 Net income 88,460 94,740 183,200 2. Prepare a statement of partnership equity for 2012. If any amounts are zero, enter in "0". Ramirez and Xue Statement of Partnership Equity For the Year Ended December 31, 2012 Camila Ramirez Balances, January 1, 2012 Capital additions Net income for the year Partner withdrawals Balances, December 31, 2012 3. Prepare a balance sheet as of the end of 2012. 100,000 0 88,460 46,400 234,860 Ramirez and Xue Balance Sheet December 31, 2012 Assets Total Ping Xue 72,800 11,000 94,740 67,000 245,540 Total 172,800 11,000 183,200 113,400 480,400 Current assets: Cash Accounts Receivable Supplies Total current assets Property, plant, and equipment: Land Building Less Accumulated Depreciation Office Equipment Less Accumulated Depreciation Total property, plant, and equip. Total assets Current liabilities: Accounts Payable Salaries Payable Total liabilities Camila Ramirez, Capital Ping Xue, Capital Total partners' equity Total liabilities and partners' equity Assets 113,600 64,400 47,400 20,000 Liabilities Partners' Equity 43,300 41,200 1,500 103,000 49,200 27,400 30,700 3,300 100,000 61,800 86,000 179,600 265,600 34,000 161,800 195,000