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Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was

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Alpha and Omega, partners, have been in the business of accounting services. For the accounting period ended July 31, 2022, the following information was provided: Alpha's capital $500,000 Omega's capital $400,000 Alpha's interest on capital $50,000 Omega's interest on capital $40,000 Alpha's interest on drawings $20,000 Omega's interest on drawings $25,000 Net profit for the period ended July 31, 2022 - $162,000. No salary was paid to either partner. Profit or loss sharing ratio is based on partners' capital contributions. Calculate the profit apportioned to Omega. a. $92,000 O b. $65,000 20 c. $52,000 Od. $115,000

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