Each partner's share given a first-year net income of $102,800 is $-3,300.
Each partner's share given a first-year net loss of $20,800 is $-44,300.
<h3>What is each partner's share?</h3>
Partner' share = net income / loss - interest - salary salary allowance
Interest = ($64000 x 10%) + ($94000x 10%) = $15,800
Salary = $52,000 + $41,600 = $93,600
Share of net income = [$102,800 - (15,800 + 93600)] / 2 = $-3,300
Share of net loss = [-20,800 - (15,800 + 93600)] / 2 = $-44,300
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