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Prepare a statement of partners' equity showing the allocation of income to the partners assuming they agree to use plan (c), that income earned is
Prepare a statement of partners’ equity showing the allocation of income to the partners assuming they agree to use plan (c), that income earned is $104,500, and that Will, Ron, and Barb withdraw $17,000, $24,000, and $32,000, respectively, at year-end. (Amounts to be deducted should be indicated by