Cleo is a 50% partner in A Smidgen of Fluff, a pillow store. Under the terms of the partnership agreement, she is to receive 50% of the partnership income, but no fess than $25,000. If the store's net income for the year is 554,000, what amount of income does Cleo earn from this partnership? $12,500 $25,000 $27,000 $52.000 0000