Christie and Jergens formed a partnership with capital contributions of $220,000 and $320,000, respectively. Their partnership agreement calls for Christie to receive a $52,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $116,000, then Christie and Jergens's respective shares are:

Multiple Choice

$79,000; $37,000.

$74,000; $32,000.

$32,000; $84,000.

$58,000; $58,000.

$47,259; $68,741.