Charlo and Domo are in partnership sharing profits and losses in the ratio 3:2. Net profit for the period is $40,000. Domo receives a salary of $4,000 per year. Charlo and Domo were charged $300 and $400 respectively for interest on drawings, and received $1,200 and $800 respectively for interest on capital. What would be the allocation of remaining profits between the partners? Select one: O a. Charlo - $16,380; Domo - $10,920 O b. Charlo - $20,820; Domo - $13,880 o c. Charlo - $14,820; Domo - $9,880 O d. Charlo - $14,440; Domo - $9,600 Charlo and Domo are in partnership sharing profits and losses in the ratio 3:2. Net profit for the period is $40,000. Domo receives a salary of $4,000 per year. Charlo and Domo were charged $300 and $400 respectively for interest on drawings, and received $1,200 and $800 respectively for interest on capital. What would be the allocation of remaining profits between the partners? Select one: O a. Charlo - $16,380; Domo - $10,920 O b. Charlo - $20,820; Domo - $13,880 o c. Charlo - $14,820; Domo - $9,880 O d. Charlo - $14,440; Domo - $9,600