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Assume that there are three partners in a partnership, A, B, and C. Partner C provides services to the partnership and is entitled to a

Assume that there are three partners in a partnership, A, B, and C. Partner C provides services to the partnership and is entitled to a salary of $90,000. Assume that the partnership revenues less expenses (other than salary to Partner C) amount is $480,000. Finally, assume that the Partnership Agreement provides for a sharing ratio of 40:40:20 for Partners A, B, and C, respectively. How much profit should be allocated to each partner?

a.A gets $156,000, B gets $156,000, and C gets $168,000

b.A gets $160,000, B gets $160000, and C gets $160,000

c.A gets $190,000 B gets $190,000, and C gets $190,000

d.A gets $192,000, B gets $192,000, and C gets $96,000

e.None of the Above

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