4. Partner A has a capital balance of $120,000; Partner B has a capital balance of $80,000; Partner C has a capital balance of $100,000; Net income for the year totaled $24,000 and the partnership agreement allocates income equally. How much net income is allocated to Partner A? a. $6,200 $8,000 c. $8,500 d. $9,600 b. 5. Partner A has a capital balance of $120,000; Partner B has a capital balance of $80,000; Partner C has a capital balance of $100,000; Net income for the year totaled $36,000 and the partnership agreement includes an interest allowance at 10% of their capital account balances and remaining income allocated as a percentage of capital. How much net income is allocated to Partner A? a. $9,600 b. $12,000 c. $14,400 d. $16,000 6. Partner A has a capital balance of $120,000; Partner B has a capital balance of $80,000, Partner C has a capital balance of $100,000; Net income for the year totaled $36,000 and the partnership agreement includes a salary allowance of $7,000 for Partner A, $3,500 for Partner B, and $0 for Partner C and remaining income allocated as a percentage of capital. How much net income is allocated to Partner A? $6,752 b. $8,039 $10,209 d. $17,200 a. c