Question: REQUIRED: 1. Prepare a schedule for the division net prot for 2019 with supporting computations when appropriate. 2. Prepare a statement of the partner's capital

REQUIRED: 1. Prepare a schedule for the division net prot for 2019 with supporting computations when appropriate. 2. Prepare a statement of the partner's capital balances for 2019 under the following assumptions: a. Partner's interests and salaries are to be treated as operating expenses. PL agreement revised into: Bonus 10% on net income after bonus and balance divided equally.

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