Mo$,$ Lu$,$ and Barb formed the MLB Partnership by making investments of $$75,600,$$$294,000,$ and $$470,400,$ respectively. They predict annual partnership net income of $$498,000$ 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 $$83,600$ to Mo$,$ $$62,700$ to $Lu,$ and $$94,500$ 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.

Problem $12-4$A $($Algo$)$ Part $1$

Required:

Use the table to show how to distribute net income of $$498,000$ for the calendar year under each of the alternative plans being considered.

Note: Do not round intermediate calculations.