This statement is for questions 3 through 5. The partnership agreement of Popeye, Olive and Pluto provides that interest of 10% per year is to be credited to each partner on the basis of weighted-average capital balances. A summary of their capital account for the year ended December 31, is as follows:

	Popeye	Olive	Pluto
Balance, January 1	100,000	100,000	100,000
Additional investment, April 1	20,000
Additional investment, May 1		12,000
Additional investment, June 1			15,000
Withdrawal, October 1	(15,000)	(10,000)	(12,000)
Balance, December 31	105,000	102,000	103,000

3) Calculate the weighted-average capital balance and interest payment to Popeye? Show your work.

4) Calculate the weighted-average capital balance and interest payment to Olive? Show your work.

5) Calculate the weighted-average capital balance and interest payment to Pluto? Show your work.