billy and sheehan are partners in bass co. their partnership agreement states that billy is entitled to an annual salary of 100000 and a bonus of 10% of profit after salary but before bonus. the remainder is shared in the ratio of 7:2. sheehan's share in partnership profit for the year was 296000. how much was the partnership profit before billy's salary and bonus?

a. 1,580,000

b. 1,672,342

c. 1,751,348

d. 1,420,000