Question: Mo , Lu , and Barb formed the MLB Partnership by making investments of $ 7 9 , 2 0 0 , $ 3 0

Mo, Lu, and Barb formed the MLB Partnership by making investments of $79,200, $308,000, and $492,800, respectively. They predict annual partnership net income of $519,000 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 $85,200 to Mo, $63,900 to Lu, and $96,500 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:
1. Use the table to show how to distribute net income of $519,000 for the calendar year under each of the alternative plans being considered.
Note: Do not round intermediate calculations.

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