Profit allocation based on multiple factors
Moore,Probst, and Tanski formed a partnership whose profit and loss agreement contained provisions summarized as follows:
Prvisioin	Moore		Probst		Tanski
Interest on weighted -average capital after consideration of draws	10%		10%		10%
Annual Salary	$ 20,000.00		$ 75,000.00		$ 65,000.00
Bonus as a percentage of income after the bonus			10%		10%
Profit and loss percentage	20%		40%		40%
Capital balance at the beginning of the current year/ drawings during current year	$ 250,000.00		$ 60,000.00		$ 40,000.00
31-Mar	$ 25,000.00		$ 40,000.00		$ 20,000.00
30-Jun			$ 20,000.00
September			$ 20,000.00
If the weighted-average capital is negative, interest at 10% will be charged against the partner's profit allocation. All provisions of the profit and loss agreement should be satisified and any resulting deficiency should be allocated based on the profit and loss percentages. Assuming current-year income of $168,000, determine how the income should be allocated to the partners.