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can you tell me what i did wrong there please. Ben Conway, Ida Chan,...

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Accounting

imagecan you tell me what i did wrong there please.

Ben Conway, Ida Chan, and Clair Scott formed CCS Consulting this year by making capital contributions of $248,000,$284,000, and $178,000, respectively. They anticipate annual profit of $426,000 and are considering the following alternative plans of sharing profits and losses: a. Equally; b. In the ratio of their initial investments; or c. Salary allowances of $110,000 to Conway, $87,000 to Chan, and $62,000 to Scott and interest allowances of 10% on initial investments, with any remaining balance shared equally. Required : 1. Use the schedule to show how a profit of $426,000 would be distributed under each of the alternative plans being considered. (Enter all amounts as positive values.)

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