4 3 O The do Question 17 M 2p es and Ranch he deded to Sam spend They in the pofaring 30.000 th Dom Pho's share of the icon if the psp of the lived $20,000 and Rached $30,000 and the O $300 F 2006 Question 38 MacBook Pro - = T 2ph T 4 4 4 5 6 7 8 9 O E R T Y U - O P D F G H J K L < C V B N > M 4 A. H command x optic Question 17 2 pts Phox and Ranch have decided to form a partnership. They are in the process of agreeing on how the profits/losses will be divided. Assume that the company is anticipating net income of $80,000 for the first time period. Determine Phox's share of the net income if the partner's agree on an interest allowance of 10% on the original investments (Phox invested $20,000 and Ranch invested $30,000) and the remainder equally. Interest Allowances Remainder 1:1 Totals O $40,000 $39.500 $30,000 $2,000 Phox. Ranch Total ? 80,000