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15. Arafin and Parneet began a partnership by investing $28,000 and $20,000 in cash, respectively. Assume that during its first year the partnership earned a
15. Arafin and Parneet began a partnership by investing $28,000 and $20,000 in cash, respectively. Assume that during its first year the partnership earned a $42,000 profit. What would be the share of each partner in the $42,000 profit if the partners had agreed to a $16,400 per year salary allowance to Arafin and an $18,000 per year salary allowance to Parneet, 10% interest on their beginning investments, and the remainder equally? A. Arafin's share, $21,000; Parneet's share, $21,000. B. Arafin's share, $22,200; Parneet's share, $19,800. C. Arafin's share, $21,400; Parneet's share, $20,600. D. Arafin's share, $24,500; Parneet's share, $17,500. E. Arafin's share, $20,600; Parneet's share, $21,400
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