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

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

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

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

e. None of the Above