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Clinton and Dole had capital balances of $120,000 and $180.000 respectively at the beginning of the current fiscal year. The articles of partnership provide for

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Clinton and Dole had capital balances of $120,000 and $180.000 respectively at the beginning of the current fiscal year. The articles of partnership provide for salary allowances of $18,000 and $20,000 respectively, an allowance of interest at 12% on the capital balances at the beginning of the year, with the remaining net income divided equally. Net income for the current year was (a) $100.000 (6) $50.000 Clinton and Dole had capital balances of $120,000 and $180.000 respectively at the beginning of the current fiscal year. The articles of partnership provide for salary allowances of $18,000 and $20,000 respectively, an allowance of interest at 12% on the capital balances at the beginning of the year, with the remaining net income divided equally. Net income for the current year was (a) $100.000 (6) $50.000

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