bert and ernie formed a partnership in 2003 to produce and sell puppets at the time the partnership was formed it was agreed that bert would oversee/

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Required:
A. Determine expected ending capital balances if the partners predict a business income of $ 150,000 for the period.
B. Determine expected ending capital balances if the partners predict a business income of $ 50,000 for the period.
C. Determine expected ending capital balances if the partners predict a business loss of $ 40,000 for the period.