Question: please solve this question English (e Take me to the text Noemi Loop, Lauretta Hodge and Guy Scoggin perform in a band operating as a


please solve this question
English (e Take me to the text Noemi Loop, Lauretta Hodge and Guy Scoggin perform in a band operating as a partnership. According to the partnership agreement, Noemi receives a salary of $22,000, Lauretta receives a salary of $30,000, and Guy a salary of $31,000. They are also to receive nominal interest of 7% on the capital at the end of the preceding year (capital balances are Noemi - $1,500, Lauretta - $8,000, Guy - $23,000). The remainder is divided equally. During the year partners withdrew $17,000 each as an advance to their share of partnership earnings. The band made $114,375 after paying all other expenses. Prepare a table showing the income distribution for the year. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Use the negative sign for negative values or values that must be subtracted. Total Loop Hodge Scoggin Opening Capital Balance Withdrawals During the Year 4 Subtotal Net Income Salaries Interest Remainder Share of Profit to Partners Total Loop Hodge Scoggin Opening Capital Balance Withdrawals During the Year Subtotal Net Income Salaries Interest Remainder Share of Profit to Partners Transfer to Partner's Capital Accounts Closing Capital Balance
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