assume that Bakes,Warner and Rice form BWR partnership by making capital contributions of $200,000, $300,000and$500,000respactivly.BWR predicts annual parinership net income of $600,000.The partners are considering various plans for sharing income would be and loss,

required

a.shared equally

b.in the ratio of partners initial capital investment.

c.salary allowance of $50,000 to Baker, $60,000 to Warner, and $70,000 to Rice, with the remaining balance shared equally.

d. interest allowance of 10% on the partners' initial capital investments, with the remaining balance shared equally.