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A partnership began its first year of operations with the following capital balances: Young, Capital $ 1 4 3 , 0 0 0 Eaton, Capital

A partnership began its first year of operations with the following capital balances:
Young, Capital $ 143,000
Eaton, Capital $ 104,000
Thurman, Capital $ 143,000
The Articles of Partnership stipulated that profits and losses be assigned in the following manner:
Young was to be awarded an annual salary of $26,000 and $13,000 salary was to be awarded to Thurman.
Each partner was to be attributed with interest equal to 10% of the capital balance as of the first day of the year.
The remainder was to be assigned on a 5:2:3 basis to Young, Eaton, and Thurman, respectively.
Each partner withdrew $13,000 per year.
Assume that the net loss for the first year of operations was $26,000 with net income of $52,000 in the second year.
What was Thurman's total share of net income for the second year?
Multiple Choice
$17,160 income.
$4,160 income.
$19,760 income.
$17,290 income.
$28,080 income.

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