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Downloadable eTextbook hent 628 Remaining 32 min Exercise 175 (Part Level Submission) AGENTIRETOR FULL SCREEN PRINTER VERSION Ando, Dadd, and Porter formed a partnership on January 1, 2017. Ando invested $60,000. Dadd $60,000 and Porter $140,000. Ando will manage the store and work hours per week in the store. Dadd will work 20 hours per week in the store, and Porter will not work. Each partner withdrew 40 percent of this income distribution during 2017. If there was no income distribution to a partner, there were no withdrawal of cash Compute the partners' capital balances at the end of 2017 under the following independent conditions: (Hint: Use Taccounts to determine each partner's capital balances) (11) Net income is $120,000 and the income ratio is Ando 40% Dadd 35%, and Porter 25 Ando Dadd Capital balances Porter Click if you would like to Show Work for this question on how Ando, Dadd, and Porter formed a partnership on January 1, 2017. Ando invested $60,000, Dadd $60,000 and Porter $140,000. Ando we manage the store and work 40 hours per week in the store. Dadd will work 20 hours per week in the store, and Porter will not work. Each partner withdrew 40 percent of his income distribution during 2017. If there was no income distribution to a partner, there were no withdrawals of cash. Compute the partners' capital balances at the end of 2017 under the following independent conditions: (Hint: Use Taccounts to determine each partner's capital balances.) how (1) Net income is $120,000 and the income ratio is Ando 40%, Dadd 35%, and Porter 25%. Ando Dadd Porter Capital balances

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