Question: Please complete in the fields provided. Also include any calculations. Thank you in advance. After dosing the revenue and expense accounts, the profit for the

Please complete in the fields provided. Also include any calculations. Thank you in advance.
 Please complete in the fields provided. Also include any calculations. Thank
you in advance. After dosing the revenue and expense accounts, the profit

After dosing the revenue and expense accounts, the profit for the year ended December 31,2021 of the Mo \& Molly partnership is $99,000. The partnership agreement specifies that profits and losses will be shared using the following formula. 1. Alocate salary allowances of $21,000 to Mo and $42,000 to Molly. 2. Remaining profit (loss) is to be shared on a ratio of 2:1. At the beginning of the year. Mo's capital account had a balance of $33,000 and Molly's capital account had a balance of $24,000. Mo withdrew $1,800 cash per month while Molly withdrew $3,600 per month from the partnership Prepare a schedule to showhow the profit will be allocated to the two partners

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