Charles and Diana form a partnership. Charles' capital contribution is 60% and Diana's is 40%. They do not have a written partnership agreement. At the end of the first year, the partnership made a profit of $100,000. Which of the following is true?

Select one:

a.Diana takes nothing because she contributed less capital and less labor.

b.

The profits are split equally.

c.Charles takes 60% of the profit because he contributed 60% of the capital.

d.

The profits may not be distributed until the partnership dissolves.