20) On December 1 , the partners of M&J partnership decided to dissolve the partnership. (4pts) On that date the partnership had $50,000 cash and Inventory with a book value of 250,000 The partners' capital account balances were: Marion, 40,000 and Jaylyn $60,000. They share profits and losses equally. The inventory was sold for $300,000. After the sale of the inventory and the allocation of the gain or loss, what is the balance on Jaylyn's account? $60,000 $25,000 $85,000 $50,000 24) Parthers A and B receive a salary allowance of 335,000 and $45,000, respectively, and (Bpts) share the remainder equally. If the company earned $50,000 during the period, what is the effoct on A's capital? 535,000 increase $20,000 decrease. $20,000 increase. $25,000 increase 25) B invests $60,000 for a 20 percent interest in a partnership that has total capital of $300,000 after admitting B. Which of the following is true? B's capital is $60,000. B's capital is $28,000. B received a bonus of $20,000. B received a bonus of $20,000