8. Erving and Malone formed a partnership with capital contributions of $300,000 and $400,000, respectively. Their partnership agreement calls for Erving to receive a $60,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $135,000, then Erving and Malone respective shares are: A) $67,500;$67,500 B) $92,500;$42,500 C) $57,857;$77,143 D) $90,000;$40,000 E) $35,000;$100,000