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Assume that Partners A, B, and C agreed to award each partner a bonus of 5 percent of net income after the bonus and interest

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Assume that Partners A, B, and C agreed to award each partner a bonus of 5 percent of net income after the bonus and interest on capital. Net income amounted to $85,000, interest on capital for partners A, B, and C was $7,000, $5,000, and $4,000 respectively. What is the amount of bonus awarded to each partner? 41. a. $10,350 b. $3,450 C. $9,000 d. $3,000

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