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Mo, Lu, and Barb formed the MLB Partnership by making investments of $67,500,$262,500, and $420,000,...

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Accounting

Mo, Lu, and Barb formed the MLB Partnership by making investments of $67,500,$262,500, and $420,000, respectively. They predict snnual partnership net income of $450,000 and are considering the following alternative plans of sharing income and losa: (a) equally, (b) in the ratio of their initial capital investments; or (c) salary allowances of $80,000 to Mo,$60,000 to Lu, and $90,000 to Barb; interest allowances of 10% on their initial capital investments; and the remaining balance shared as follows: 20% to Mo,40% to Lu, and 40% to Barb.
Required
Prepare a table with the following column headings. Use the table to show how to distribute net income of $450,000 for the calendar year under each of the alternative plans being considered.
\table[[\table[[Income (Loss)],[Sharing
Plan]],Calculations,Mo,lu,Barb,,Total]]
I just need help with (b) & (c) on how to get to the answer step by step.
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