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Assume the following partnership scenario: Alfalfa ( 5 0 % ) , Darla ( 2 5 ) , Spanky ( 1 2 . 5 %

Assume the following partnership scenario: Alfalfa (50%), Darla (25), Spanky (12.5%) and Stymie (12.5%) share ownership in their company. Upon establishing this company, the following details capital contribution; Alfalfa contributed 40% of capital, Darla contributed 30% of capital, and Spanky and Stymie each contributed 15% of capital. Assuming that earnings are allocated based on the contribution base method, how would the annual earnings of $78,000 be distributed?

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