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13. Assume instead that during its first year the partnership earned a $28,000 profit. What would be the share of each partner in the profit
13. Assume instead that during its first year the partnership earned a $28,000 profit. What would be the share of each partner in the profit if the partners had agreed to share it by giving a $16,400 per year salary allowance to David and an $18,000 per year salary allowance to May, 10% interest on their beginning investments, and the remainder equally? a. David's share, $13,200; May's share, $14,800. b. David's share, $14,000; May's share, $14,000. c. David's share, $13,349; May's share, $14,651. d. David's share, $13,600; May's share, $14,400. e. David's share, $14,400; May's share, $13,600
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