39. Stewart and Brooke form a partnership. Stewart invests $80,000 and Brooke invests $120,000. If there are any profits or losses they will share them as follows: They will each receive a salary of...

39. Stewart and Brooke form a partnership. Stewart invests $80,000 and Brooke invests $120,000. If there are any profits or losses they will share them as follows:

They will each receive a salary of $25,000.
Any remaining amount will be allocated ¾ to Brooke and ¼ to Stewart.
(1) If the partnership income for the year is $115,000 what amount will be allocated to Brooke?
(2) If the partnership income for the year is $125,000 what amount will be allocated to Stewart?
(3) If the partnership income for the year is $45,000 what amount will be allocated to Stewart and what amount to Brooke?

40. Sue and Al form a partnership. Sue invests $20,000 and Al invests $25,000. In the first year the partnership earns $60,000. Sue withdraws $7,500 and Al withdraws $12,000. Each receives a salary of $15,000 and the remainder is divided 60% to Al and 40% to Sue. Prepare a schedule showing the capital accounts for Sue and Al.