MESSAGE MY INSTRUCTOR CALCULATOR Question 8 Day and Night formed an accounting partnership in 2014.

MESSAGE MY INSTRUCTOR CALCULATOR Question 8 Day and Night formed an accounting partnership in 2014. Capital transactions for Day and Night during 2014 are as follows: Date Transaction Amount Day 1/1 4/1 6/1 Beginning balance Withdrawal Investment Investment $75,600 18,600 37,800 18,600 11/1 Night 1/1 7/1 10/1 Beginning balance Investment Withdrawal $37,800 19,200 9,000 Partnership net income for the year ended December 31, 2014; is $69,000 before considering salaries or interest Determine the amount of profit that is to be allocated to Day and Night in accordance with each of the following independent profit-sharing agreements: (a) (b) ▼ (c) Net income is to be allocated in the ratio of ending capital balances. (Round intermediate calculations to 6 decimal places, e.g. 1.576843 answer