3. X and Y have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $27,000 and $18,000 respectively, and the remainder equally. How much of the net income of $50,000 is allocated to X?

a.

$33,333

b.

$23,000

c.

$25,000

d.

$27,000

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