Bums and Allan have formed a partnership and invested $20,000 and $40,000, respectively. They have agreed to share profits as follows: 1) Burns is to reccivé a "salary" of $20,000 and Allan is to...

Extracted text: Bums and Allan have formed a partnership and invested $20,000 and $40,000, respectively. They have agreed to share profits as follows: 1) Burns is to reccivé a "salary" of $20,000 and Allan is to receive a "salary" of $30,000. 2) $30,000 is to be allocated according to their original capital contributions to the partnership. 3) The remainder is to be allocated 2:3 respectively Assuming that the business had a loss of $15.000, allocate the loss to Burns and Allan, Ending capital balances to each partner?