On June 1, 2019, Khalid started a business. The following were his transactions for the month. Write journal entries for the following transactions: June 1 Khalid paid capital $ 250 000 into the business bank account. June 3 Bought Machinery $ 25 000 and paid cash. June 7 Bought goods $ 5 000 on credit from Kalim Traders. June 15 Sold goods $ 3 100 on credit to Hosna. June 30 Paid $ 3 000 by cheque on account to Kalim Traders

Roberto and reagan are both 25 percent owner/managers for bright light inc. roberto runs the retail store in sacramento, ca, and reagan runs the retail store in san francisco, ca. bright light inc. generated a $125,000 profit companywide made up of a $75,000 profit from the sacramento store, a ($25,000) loss from the san francisco store, and a combined $75,000 profit from the remaining stores. if bright light inc. is an s corporation, how much income will be allocated to roberto?