Mo. Lu, and Barb formed the MLB Partnership by making investments of 569 300, 5269,500 and 5431200 respectively They predict annual partnership net income of $460,500 and are considering the following alternative plans of sharing income and loss (equally. (o) in the ratio of their initial capital investments, or (o salary allowances of 580 800 to Mo, $60,600 to Lu, and $91,000 to Barb, interest allowances of 10% on their initial capital investments, and the remaining balance shared as follows 20% to Mo, 40% tou, and 40%to Barb Required: 1. Use the table to show how to distribute net income of $460,500 for the calendar year under each of the alternative plans being considered (Do not round intermediate calculations.) Income (Low) Sharing Plan Mo Lu Barb Total 460 500 5 460 500 $ os Mo Total 460 500 5 0 460 500 5 os $ $ Net Income (los) Balance allocated equally Balance of income (los) Shares to the parties Plan (b) Net Income (los) Balance allocated in proportion to initial investments Balance of income (los) Shares to the partners Plan (c) Net income foss) Salary alowances Balance of income (loss) Interest allowances Balance of income (less) Balance allocated Balance of income (loss) Shares of the partners MO LU $ Total 160.500 0 0 0 0 5 05 $ $ $ 0