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12. Jack invested $5,000 and Jill invested $10,000 in a partnership in which they agreed to share profit and losses by allowing a $9,000 per

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12. Jack invested $5,000 and Jill invested $10,000 in a partnership in which they agreed to share profit and losses by allowing a $9,000 per year salary allowance to lack and a $12,000 per year salary allowance to Jill, plus interest on the partners' investments at 10 percent and the balance to be shared equally. Under this agreement, the shares of the partners in a $21,000 profit are: a: $10,500 to Jack and $10,500 to Jill. b. $7,000 to Jack and $14,000 to Jill. c. $9,000 to Jack and $12,000 to Jill. d. $8,750 to Jack and $12,250 to Jill. e. $9,500 to Jack and $11,500 to Jill

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