Cleary, Wasser, and Nolan formed a partnership on January 1, 2019, 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 2019 and $180,000 in 2020. Each partner withdrew $1,000 for personal use every month during 2019 and 2020. What was Wasser's total share of net income for 2020? $34,420. $75,540 $65,540. $70,040 $61,420 Question 7 of 45 > Moving to the next question prevents changes to this answer. o Be - $ 404 3:45 PM 3/27/2020 ype here to search