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21. 22. Joey Gladstone receives an annual salary of $30,000 from a business he started with one partner. Based on the information given below, which

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21. 22. Joey Gladstone receives an annual salary of $30,000 from a business he started with one partner. Based on the information given below, which one of the following partner- ship income distribution methods would provide Joey Gladstone with the highest income for the year? Beginning capital balance $100,000 Partnership prot (after salaries} $216,000 Gladstone's salary $ 30,000 Applicable interest rate 10% A. An equal division of partnership profit after salary distribution B. Gladstone to receive 40% of partnership prot after salary distribution plus interest on his beginning capital balance G. Gladstone to receive interest on his beginning capital balance and an equal division of partnership prot after his salary distribution D. Gladstone to receive his salary and 00% of prots after salary distribution Using the information in question 21 and assuming that Gladstone made no with- drawals {including salary) during the year, what would be the balance in Gladstone's capital account at year's end if Gladstone were to reoeive 40% of partnership prot after receiving his salary? A. $11o,ooo c. $21o,ooo o. $14o,ooo o. $24o,ooo

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