7. Partners Acer and Barr have capital balances in a partnership of $80,000 and $120,000, respectively. They agree to share profits and losses as follows: As salaries Acer $20,000 Barr $24,000 As interest on capital at the beginning of the year Remaining profits or losses 10% 10% 50% 50% If net loss for the year was $4,000, what will be the distribution to Barr? A. $24,000 income B. $2,000 income C. $2,000 loss D. $4,000 loss