Mo$,$ Lu$,$ and Barb formed the MLB Partnership by making investments of $$73,800,$$$287,000,$ and $$459,200,$ respectively. They predict annual partnership net income of $$487,500$ and are considering the following alternative plans of sharing income and loss: $($a$)$ equally; $($b$)$ in the ratio of their initial capital investments; or $($c$)$ salary allowances of $$82,800$ to Mo$,$ $$62,100$ to Lu$,$ and $$93,500$ to Barb; interest allowances of $10\%$ on their initial capital investments; and the remaining balance shared as follows: $20\%$ to Mo$,40\%$ to Lu$,$ and $40\%$ to Barb.

Required:

Use the table to show how to distribute net income of $$487,500$ for the calendar year under each of the alternative plans being considered.

Note: Do not round intermediate calculations.

$\backslash$table$[[$Plan $($a$),,$Income $($Loss$)$ Sharing Plan,,Barb,Total$],[,$Mo$,,$Lu$,],[$Net Income $($loss$),,,,,,,,,$$$,487,500],[$Balance allocated equally,$\frac{1}{3}\frac{?}{?}$$$,162,500,\frac{1}{3},$$$,162,500,\frac{1}{3},$$$,162,500,,487,500],[$Balance of income $($loss$),,,,,,,,,$$$,0],[$Shares to the partners,$$,162,500,,$$$,162,500,,$$$,162,500,$$$,487,500],[$Plan $($b$),,$Mo$,,,$Lu$,,,$Barb,,Total$],[$Net Income $($loss$),,,,,,,,,$$$,487,500],[\backslash$table$[[$Balance allocated in proportion to$],[$initial investments$]],$$$73,\frac{800}{\text{\$}}820,000,,$$$287,\frac{000}{\text{\$}}820,000,,,$$$459,\frac{200}{\text{\$}}820,000,,,,0],[$Balance of income $($loss$),,,,,,,,,$$$,487\mathrm{.}500],[$Shares to the partners,$$,0,,$$$,0,,$$$,0,$$$,0],[$Plan $($c$),,$Mo$,,,$Lu$,,,$Barb,,Total$],[$Net income $($loss$),,,,,,,,,$$$,487,500],[$Salary aliowances,T$,,1,,,$L$,\text{'},,,0],[$Balance of income $($loss$)],[$Interest allowances,L$,,$L$,,,$L$,-,,,0],[$Balance of income $($loss$)],[$Balance allocated,L$,,,,,$L$,,,,0],[$Balance of income $($loss$),,,,,,,,,$$$,0],[$Shares of the partners,$$,0,0,$$$,0,,$$$,0,$$$,0]]$