Cleary, Wasser, and Nolan formed a partnership on January 1, 2010, with investments of $100,000, $150,000, and $200,000, respectively. For division of income, they agreed to (1) interest of 10% of the beginning capital balance each year, (2) annual compensation of $10,000 to Wasser, and (3) sharing the remainder of the income or loss in a ratio of 20% for Cleary, and 40% each for Wasser and Nolan. Net income was $150,000 in 2010 and $180,000 in 2011. Each partner withdrew $1,000 for personal use every month during 2010 and 2011. 7. What was Wasser's total share of net income for 2010? A. $63,000. B. $53,000. C. $58,000. D. $29,000. E. $51,000. Ans:A 8. What was Nolan's total share of net income for 2010? A. $63,000. B. $53,000. C. $58,000. D. $29,000. E. $51,000. Ans: C 17. What was Nolan's total share of net income for 2011? A. $34,420. B. $75,540. C. $65,540. D. $70,040. E. $61,420. Ans: D Hi tutor, Can you help me with how to find out the answer of each since I already know the right answer but don't know how to get it