Question: Please answer only if you are 100%sure. show to calculation properly. Dont post the same answer already posted by someone esle. Thank you 11. AGF

Please answer only if you are 100%sure. show to calculation properly. Dont post the same answer already posted by someone esle.
Thank you
 Please answer only if you are 100%sure. show to calculation properly.

11. AGF partnership begins its first year of operation with the following capital balances and profit and loss percentages: Able Capital $ 60,000 (20%) Green Capital $80,000 (30%) Frank Capital $ 100,000 (50%) Each partner is allocated interest of 5% on beginning capital balances. Green is allocated salary of $20,000 for the full year. Frank is allocated salary of $10,000 for the full year. Able is not allocated salary. Each partner has drawings of $30,000 in the first year. Assume that partnership net income in the first year is $200,000, Prepare a schedule solving the ending balance in each of the partner's capital accounts at the end of the year

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